IFIC Bank Limited has recommended 30 per cent stock dividend for its shareholders for the year that ended on December 31, 2008.
The bank has also recommended amendment of Memorandum and Articles of Association of the bank to increase authorised capital from Tk 1.60 billion (160 crore) to Tk 5.35 billion as approved by Bangladesh Bank.
The extraordinary general meeting (EGM) and annual general meeting (AGM) of the bank will be held at Basundhara Convention Centre in the city at 3:00 pm and 3:30pm respectively on July 28, 2009. Record date for EGM and AGM is on May 28, 2009.
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