Sharjah Islamic Bank (SIB) announced that its General Assembly has approved the Board of Directors' proposal to distribute a cash dividend of 6 percent of capital, amounting to Dhs145.5 million.
The announcement was made following the 36th SIB General Assembly Meeting, which was held at the Sharjah Chamber of Commerce and Industry yesterday. The General Assembly also approved the financial results for the fiscal year ended 31 December 2011, In a speech made during the General Assembly meeting on behalf of HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Chairman of the bank, Abdul Rahman Al Owais SIB Deputy Chairman said that the positive results achieved by the bank in 2011 were in line with the plan and strategy adopted by its Board of Directors, and reflected the bank's solid financial position and excellent performance.
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