Sharjah Islamic Bank Approves 40% Increment of Shares Foreign Ownership and 8% Dividends Payment to Shareholders For 2021

Sharjah Islamic Bank’s (SIB) Shareholders have approved a 40% increment of the percentage of foreign ownership of the bank’s shares as well as the distribution of 8% of cash profits to shareholders, at the Annual General Meeting held virtually on the 27th of February 2022.

Why it Matters?

Among the key actions taken at the meeting were the appointment of the bank’s Board of Directors, the approval of the consolidated financial statements for the financial year ending on the 31st of December 2021, and the ratification of the Fatwa and Shariah Supervisory Board’s report for the fiscal year. The meeting was headed by His Excellency Abdul Rahman Al Owais, Chairman of the Board of Directors and attended by the Securities and Commodi...