Abu Dhabi – The ordinary general meeting (OGM) of Sharjah Islamic Bank has approved distributing 10% of the capital as cash dividends and bonus shares for fiscal year 2019.
The 5% distribution of the cash dividends stands at 5 fils per share, amounting to AED 146.74 million, according to the bank’s disclosure to Abu Dhabi Securities Exchange (ADX) on Sunday.
The shareholders also agreed on 5% bonus shares representing one bonus share for each 20 shares.
It is noteworthy to mention that in 2019, the bank’s net profits grew 7% year-on-year (YoY) to AED 545.5 million in 2019, compared to AED 510.4 million in 2018.
Source: Mubasher
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