Arab Today, arab today sib meeting approves 6 cash dividend
Last Updated : GMT 09:30:43
Arab Today, arab today
Arab Today, arab today

SIB meeting approves 6% cash dividend

Arab Today, arab today

Arab Today, arab today SIB meeting approves 6% cash dividend

Sharjah - Arabstoday

Sharjah Islamic Bank (SIB) announced that its General Assembly has approved the Board of Directors’ proposal to distribute a cash dividend of 6 per cent 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 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. SIB was able to achieve a number of milestones during the last financial year. Firm investor confidence in the bank was evident with the successful issuance of a $400 million Sukuk in May 2011. SIB’s credit rating was upgraded to BBB+ from BBB by the international rating agencies, and the bank received a number of local, regional and international awards. Al Owais stated that SIB’s total assets reached Dhs17.7 billion, up Dhs1 billion (6.4 per cent) from the previous year. Total customer financing increased 8 per cent (Dhs773.7 million) from 2010 figures to reach Dhs10.4 billion by end of 2011, a fact that reflects further diversification of the bank’s financing portfolio to allow optimum use of the existing liquidity but in a conservative manner in line with the still prevalent risks.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sib meeting approves 6 cash dividend Arab Today, arab today sib meeting approves 6 cash dividend

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday