Sharjah Islamic Bank approves cash dividend

Dubai:

Sharjah Islamic Bank said on Monday it has approved a cash dividend to the value of Dh242.6million, at 10 per cent of the nominal share value, following the approval from the Central Bank.

The bank acquired net profit of Dh377.2 million at the end of 2014, an increase of 23 per cent from Dh307.1 million in 2013.

The bank has obtained an A3 rating by the credit rating agency Moody’s.