Sharjah Islamic Bank net profit Dhs266.4m up by 2.4% and propose 7% cash dividend
- United Arab Emirates: Thursday, January 20 - 2011 at 14:49
- PRESS RELEASE
Sharjah Islamic Bank announced its 2010 results yesterday with net profit of Dhs266.4m, compared to Dhs260.1m in 2009, an increase of 2.4%, and proposing a cash dividend of 7% of the paid up capital, amounting to Dhs169.8m.
The Shareholder's equity reached Dhs4.3bn representing 26.0% of the total balance sheet footing and 44.1% as capital adequacy ratio comparing with the central bank requirement of 12%, reflecting the bank's strong capital base and financial position.
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