ALARABANK
The Bank has informed that the Board of Directors of the Bank, among others, has taken the following decisions: (1) Authorized capital of AIBL Capital Market Services Ltd. (A subsidiary company of the Bank) to be at Tk. 1,000.00 crore and (2) The Memberships of Dhaka Stock Exchange Ltd. (DSE) and Chittagong Stock Exchange Ltd. (CSE) to be transferred from Al-Arafah Islami Bank Ltd. to its Subsidiary Company named AIBL Capital Market Services Ltd. at the prevailing market price which will be determined through appointment of an independent valuer. The gain to be generated from the above transfer shall be accounted for in the books of accounts of Al-Arafah Islami Bank Ltd. in the year 2010.
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