Palestine-Mubasher: Arab Islamic Bank (AIB) announced in a bourse filing that its Board has recommended a cash dividend of 8%.

The board approved the financial statements for the fiscal year ended December 31, 2014, according to the statement.

The bank had reported a jump in its profit by 18% to $4.1 million during the fiscal year (FY) 2014, compared to $3.5 million in FY13.

It is worth highlighting that AIB’s capital amounts to $50 million, distributed on 50 million shares at $1 par value.