Bank of Sharjah to give dividend nod on April 29

Dubai:

Bank of Sharjah said on Thursday the shareholders will meet on April 29 and approve the proposed 7.66 per cent cash dividend.

The shareholders will also approve the renewal of $1.5 billion (Dh5.5 billion) of senior unsecured bonds, the bank said in a statement posted on Abu Dhabi Securities Exchange’s website.

Shareholders will approve the remuneration of board of directors for 2016 along with the remuneration of external auditors for this year.

Shares of Bank of Sharjah closed more than 10 per cent at Dh1.41 on Wednesday.