Sharjah Islamic Bank’s board proposes 10% dividends

Abu Dhabi-Mubasher: Sharjah Islamic Bank said that its board recommended a 10% cash dividend for the fiscal year 2015, amounting to AED 242.6 million of the AED 2.42 billion capital, according to a bourse filing on Wednesday.

The Bank posted profits of AED 410 million ($111.6 million) in the fiscal year 2015, a rise of 8.7% from AED 377.18 million in the fiscal year 2014, according to a recent bourse filing.

Mubasher Contribution Time: 27-Jan-2016 09:46 (GMT)