09.03.2010 - Sharjah Islamic Bank opts to split, not cut, dividend

From Arabianbusiness.com: Sharjah Islamic Bank said on Monday it would split its dividend to 5 percent cash and 5 percent stock rather than cut a previously proposed 10 percent cash dividend. Chief executive Mohammed Abdullah said the move was an effort to abide by recently issued central bank guidelines that put a cap on cash dividends to 50 percent of annual profits..............................................Full Article: Source

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