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Sharjah Islamic Bank '09 profit rises 12.3%

Sharjah Islamic Bank has reported a 12.3% rise in net profit for 2009 at Dhs260.1m, compared to Dhs231.6m achieved in the same period last year. The amount includes general and specific provisions to meet possible risks for SIB and its subsidiary companies, SIB said. The lender also approved a cash dividend distribution of Dhs231m, equivalent to 10% of paid in capital.

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