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Islamic Finance Briefing - Categorized | Banking, Performance more

Net profits of Sharjah Islamic Bank up by 12.3pct

Posted on 27 January 2010

From Gulfnews.com: The SIB board of directors approved the financials for 2009 proposing a cash dividend distribution of Dh231 million, equivalent to 10 per cent of paid in capital.

The bank achieved a net profit of Dh260.1 million in 2009 which includes general and specific provisions of meet any possible risks for SIB and its subsidiary companies with an increase of 12.3 per cent compared to 231.6 million Profit achieved in the same period last year and an increase of net profit before distribution to depositors by 22.7 per cent to reach Dh564.0 compared to Dh459.7 million for last year……………………………….Full Article: Source

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