SIB to discuss 8% cash dividend proposal at AGM

Dubai:

Sharjah Islamic Bank (SIB) said it will look into a proposal for the distribution of 8 per cent cash dividends, valued at Dh234.78 million.

The proposal will be reviewed during the annual general meeting due to be held on February 10, 2018.

The meeting will also discuss and approve SIB’s budget, profits and losses for the 2017 fiscal year. SIB shares closed 0.73 per cent lower at Dh1.36 in a weak Abu Dhabi market.