Sharjah Islamic Bank
NBS
NBS
Sharjah Islamic Bank 's General Assembly approved distributing cash dividends of 10 per cent of the share's nominal value - equivalent to AED 242.6 million for the year 2013, an increase of AED 97.1 million as compared to AED145.5 million (6 per cent of the share's nominal value) in 2012, according to CPI Financial.
The announcement was made during the bank's 38th annual General Assembly meeting, which was held at Sharjah Chamber of Commerce and Industry.
HE Abdul Rahman Al Owais, Chairman of Sharjah Islamic Bank presented the annual report and the most important financial results achieved in 2013, including the growth rates in total assets, liquid assets, net customer receivables, and the bank's diversified financing portfolio to various economic sectors. The report presented, also, total customer deposit and shareholders' equity.
HE Abdul Rahman Al Owais, Chairman of Sharjah Islamic Bank , expressed, on behalf of the Board of Directors, gratitude and appreciation to His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, for his endless support for the advancement of the economic sectors in general and the banking sector, in particular, and for HH's follow up on the bank and its activities. HE Abdul Al Owais also expressed heartfelt thanks and appreciation to His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, the Honorary Chairman of Sharjah Islamic Bank for his outstanding efforts over the past 18 years, during which the bank has achieved a string of achievements and received numerous local, regional and international accolades and awards.
Al Owais added: "The positive financial results achieved by Sharjah Islamic Bank in 2013 are in line with the effective strategy outlined by the Board of Directors and reflect the bank's strong financial position and excellent performance in all of the bank's activities during the year." He noted that the bank's financing portfolio was diversified into various economic sectors, which reflects the good use of available liquidity while taking into consideration the risks related to each sector.
The announcement was made during the bank's 38th annual General Assembly meeting, which was held at Sharjah Chamber of Commerce and Industry.
HE Abdul Rahman Al Owais, Chairman of Sharjah Islamic Bank presented the annual report and the most important financial results achieved in 2013, including the growth rates in total assets, liquid assets, net customer receivables, and the bank's diversified financing portfolio to various economic sectors. The report presented, also, total customer deposit and shareholders' equity.
HE Abdul Rahman Al Owais, Chairman of Sharjah Islamic Bank , expressed, on behalf of the Board of Directors, gratitude and appreciation to His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, for his endless support for the advancement of the economic sectors in general and the banking sector, in particular, and for HH's follow up on the bank and its activities. HE Abdul Al Owais also expressed heartfelt thanks and appreciation to His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, the Honorary Chairman of Sharjah Islamic Bank for his outstanding efforts over the past 18 years, during which the bank has achieved a string of achievements and received numerous local, regional and international accolades and awards.
Al Owais added: "The positive financial results achieved by Sharjah Islamic Bank in 2013 are in line with the effective strategy outlined by the Board of Directors and reflect the bank's strong financial position and excellent performance in all of the bank's activities during the year." He noted that the bank's financing portfolio was diversified into various economic sectors, which reflects the good use of available liquidity while taking into consideration the risks related to each sector.
Source:
Mubasher
