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Sharjah Islamic Bank’s board proposes 10% dividends

Sharjah Islamic Bank’s board proposes 10% dividends
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Sharjah Islamic Bank
SIB
-5.96% 2.84 -0.18

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.