Sharjah Islamic Bank to pay 8% cash dividends as profits rise to Dh405.8 million in 2020
Staff Report Filed on February 20, 2021
Sharjah Islamic Bank achieved an increase in its operating profits, which amounted to Dh697.7 million, or 8.7 per cent up, compared to Dh642.1 million for the previous year before calculating the provisions for impairment. Supplied photo
Total customer deposits increased by 23 per cent to reach an amount of Dh33.6 billion compared to Dh27.3 billion at the end of 2019
Sharjah Islamic Bank (SIB), which held its 45th general assembly on Saturday, agreed to distribute eight per cent of cash profits to shareholders, after the bank achieved net profits of Dh405.8 million dirhams for the year 2020.
Inspection teams close Sharjah commercial facility for violating COVID precautionary measures
SHARJAH, 13th February, 2021 (WAM) The security inspection teams in charge of following up on the implementation of COVID-19 precautionary measures in the Emirate of Sharjah have closed, in cooperation and coordination with the Department of Economic Development in Sharjah, a commercial establishment for non-compliance with measures to combat the COVID-19 virus.
The Emergency, Crisis and Disaster Management Committee has noted that the security inspection teams continue their inspection tours, aiming to monitor compliance with precautionary measures and to take legal measures against violators of the requirements, standards and procedures stipulated by the authorities in the emirate.