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Sun 11 Feb 2007 05:14 PM

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Bank of Sharjah to pay $68m dividend

The dividend, worth $0.05 per share and a total of $68m, is up 25% on 2005.

The UAE's Bank of Sharjah said on Sunday it would distribute dividends of 0.20 dirhams ($0.05) per share for 2006, up 25 percent from the previous year.

The dividend, worth a total of AED 250 million ($68m), for 2006, was announced on Abu Dhabi's stock exchange Web site. Bank of Sharjah's 2006 profit rose 23 percent to 382 million dirhams.