Mubasher: Sharjah Islamic Bank will hold its ordinary general meeting (OGM) on 26 March to discuss the distribution of bonus shares for the fiscal year 2016, according to a statement.
The board recommended 10% bonus shares for FY16, totalling 242.55 shares.
During their meeting, the shareholders will consider the capital increase from AED 2.42 billion to AED 2.66 billion.
The bank’s stock stabilised at AED 1.51 by 11:05am UAE time, generating AED 151,000 from the exchange of 100,000 shares.
