BIBD Annual General Meeting

Bank Islam Brunei Darussalam (BIBD) recorded the highest net profits at more than 169 Million Dollars and 116 Million Dollars for the Bank and Group respectively. These was announced yesterday afternoon during the BIBD Annual General Meeting 2018 for its shareholders, which approved the financial statements for the year ending 31 December 2017.

Yang Berhormat Dato Seri Paduka Doktor Awang Haji Mohd Amin Liew bin Abdullah, the Second Minister of Finance, who is also BIBD Chairman of the Board expressed his heartfelt appreciation of the trust and support received from BIBD ‘s customers, shareholders and other stakeholders. He added, it is another milestone year for BIBD as the bank continue their progression as Brunei’s leading bank. Yang Berhormat also said that BIBD continue to play their role in supporting the nation’s ongoing efforts to create a more resilient and robust economy, in line with Wawasan 2035.

BIBD demonstrated continued commitment to shareholders with an interim dividend distribution of point 125 Cents per ordinary share in 2017, which is to be added to the expected final dividend of point 051 Cents, returning a total dividend of point 176 Cents per ordinary share resulting in a total of 127 Million Dollars, an improvement in year-on-year yield of 11 point 5 percent from 7 point 5 percent for the Group. Also present at the meeting were members of the BIBD Board and Shari’ah Advisory Body and BIBD Managing Director, Awang Mubashar Khokhar.

Source: Radio Television Brunei

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