Sharjah Islamic Bank's OGM approves 8% dividends

The dividend distribution aggregates at $67.17mln

  
A man walks past a Sharjah Islamic Bank branch on Sheikh Zayed road in Dubai January 11, 2012.

A man walks past a Sharjah Islamic Bank branch on Sheikh Zayed road in Dubai January 11, 2012.

REUTERS/Jumana El-Heloueh
Abu Dhabi –   The ordinary general meeting (OGM) of Sharjah Islamic Bank (SIB) has approved to pay out cash dividends, equivalent to 8% of the issued capital.

The cash dividend distribution aggregates at a total amount of AED 246.527 million, according to a bourse filing on Sunday.

The shareholders have set the last entitlement date on 28 February and the payment date on 22 March.

It is noteworthy to mention that in 2020, the bank's net profits decreased by 25.6% to AED 405.83 million from AED 545.53 million in 2019.

Source: Mubasher

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