Abu Dhabi – Mubasher: Sharjah Islamic Bank’s (SIB) stock lost AED 0.09 of its value, after 543 million of SIB’s shares were traded, with a turnover of AED 676.4 million through 13 transactions, after 90 minutes of the opening of the Abu Dhabi Securities Exchange (ADX).

That decline took place despite the approval of AED 234.788 in cash dividends for 2017 profits by the bank’s ordinary general meeting (OGM).

The approved dividends make up 8% of SIB’s capital, with a per-share dividend of AED 0.08.