Sharjah Islamic Bank’s shareholders approve $83.8mln dividends

Jumana El-Heloueh

The last entitlement and payment dates for the dividends will be on 6 and 27 March 2023

Staff Writer, Mubasher

February 27, 2023

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The shareholders of Sharjah Islamic Bank agreed to disburse AED 308.15 million as cash dividends, representing 10% of the paid-up capital.

The last entitlement and payment dates for the dividends will be on 6 and 27 March 2023, respectively.

Furthermore, the shareholders greenlighted bonus shares worth AED 154.07 million, equivalent to 5% of the capital.

Meanwhile, the lender’s shareholders granted their approval during the general assembly meeting that was held on 26 February 2023.

Last year, the ADX-listed bank witnessed a 26.60% rise in net profit to AED 650.91 million, compared to AED 514.07 million in the January-December 2021 period.

The earnings per share increased to AED 0.21 in 2022 from AED 0.17 in 2021, whereas the total income surged to AED 1.60 billion from AED 1.42 billion.

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