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BOD recommends to distribute cash dividends by 15pct profits

Posted on 11 April 2013

Jordan Islamic Bank (JIB) announced that it has achieved distinguished financial results during 2012. The Bank’s net profits before tax reached $72.21m at end of financial year 2012 with an increase of $16.22m and with a growth of 28.9% compared to $55.99m at the end 2011, whereas its net profits after tax reached $51.48m compared to $39.92m at the end 2011 and with an increase of $11.57m and with a growth of 28.7%.
The Bank’s Board of Directors recommended the Ordinary General Assembly to distribute cash dividends to shareholders at 15% of the Bank’s capital………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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