Sharjah Islamic Bank opens a new office at Al Qasimia University.
Sharjah Islamic Bank (SIB) opened its 35th branch on Wednesday, in Rahmania Mall, one of the newest shopping destinations in Sharjah, in an effort to reach its growing customer base and meet their needs.
Sharjah Islamic Bank announced an increase in its operating profit before provisions by 25.6%, amounting to Dhs417.3 million for the first six months, compared to Dhs332.3 million for the same period of the previous year.
Sharjah Islamic Bank (SIB) agreed to distribute 8 per cent in cash dividends to shareholders, after the bank achieved net profits of Dhs405.8 million for the year 2020.
The bank said its balance sheet reflects strong performance and sound financial position, with total assets reaching Dhs46.4 billion at the end of 2019, 3.7 per cent increase in comparison to the Dhs44.7 billion achieved at the end of 2018.
Fifty-seven per cent of board members are UAE nationals. The new board includes 23 founders, CEOs and chairpersons with leadership experience in 15 countries across 5 continents.
Dubai Electricity and Water Authority (Dewa) has commissioned three new substations with a conversion capacity of 450 megavolt-amperes (MVA) in addition to 132 kV ground cables that extend on 35 kilometres
Business activity in the eurozone shot ahead at its fastest rate in 21 years in July, a closely watched survey said on Friday, as the economy went into full throttle with loosened Covid-19 restrictions.