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Sharjah Islamic OKs 10% dividends

Sharjah Islamic OKs 10% dividends
Photo Credit: Arabianeye-Reuters
Sharjah Islamic Bank
SIB
14.24% 3.45 0.43

Abu Dhabi-Mubasher: Sharjah Islamic Bank said that its shareholders approved  cash dividends at 10% or capital or 10 fils per share payout for the fiscal year 2015, totalling AED 242.5 million, according to a bourse filing on Sunday.

The record date of dividends is 8 March and the participation date is 6 March, while the payment date is 27 March.

The bank’s stock remained unchanged at AED 1.45 after trading of 530,000 shares, with turnover of AED 767,600.