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Bank of Sharjah receives nod for cash dividend plus bonus shares

: Sunday, March 16 - 2014 @ 16:02

The Abu Dhabi Securities Exchange General Index (ADXGI) declined by 0.46 per cent to close at 4,732.07 points on Sunday, March 16. Market bellwether Etisalat, the most valuable firm in the UAE, closed flat at AED11.90. Bank of Sharjah (BOS) was down by 0.88 per cent at AED2.26. Earlier in the day, the banking supervision division of the UAE central bank said that it approved BOS’ distribution of 9.116 per cent of the lender’s paid-up capital as a cash dividend, amounting to AED174.6 million (50 per cent of the bank’s realised profit in 2013), along with 60 million treasury shares as bonus shares.

Gérard Al-Fil

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Sunday, March 16- 2014 @ 16:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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