Sharjah / WAM
Sharjah Islamic Bankâ€™s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bankâ€™s announcement of a net profit of AED409.9 million in 2015.
This represents an increase of nine percent, compared to the AED 377.2 million profit reported in 2014.
The announcement was made during the Annual General Assembly, which was held recently in Al Majara Hall at the Sharjah Chamber of Commerce and Industry, SCCI. The meeting was chaired by Abdul Rahman Al Owais, Chairman of Sharjah Islamic Bank, who congratulated shareholders and employees on the 40th anniversary of the bank, in the presence of members of the board of directors, the executive management, shareholders and senior officials from the UAEâ€™s banking and financial sector.
Al Owais said, “SIBâ€™s positive financial results in 2015 fit perfectly with our ambition and aspirations. We hope to maintain an upward trajectory of growth.