Sharjah Islamic Bank Successfully Completes the Sale of All Treasury Shares

Press release

Published October 26th, 2025 - 09:30 GMT

Sharjah Islamic Bank Successfully Completes the Sale of All Treasury Shares

Sharjah Islamic Bank (SIB) announced the successful sale of all its treasury shares, amounting to 167.67 million shares, representing 5.18% of the Bank’s total share capital. The sale was completed shortly after the announcement of SIB’s third-quarter financial results and attracted strong demand from investors, reflecting growing confidence in the Bank’s solid performance and robust financial position.

HE Mohamed Abdalla, CEO of Sharjah Islamic Bank, stated that the strong investor interest in SIB’s shares underscores confidence in its financial strength and sustainable growth strategy. He added that the positive third-quarter results highlight the Bank’s operational efficiency and its continued success in generating strong returns for shareholders, while reinforcing its leading position in the Islamic banking sector.

HE Mohamed Abdalla further noted that this step is part of the Bank’s ongoing efforts to broaden and diversify its shareholder base, enhance trading activity and liquidity in its shares, and further strengthen its leadership in the Islamic banking industry both locally and regionally.

Background Information

Sharjah Islamic Bank

We believe in our vision and values just as strongly today as we did the first time we put them on paper more than 30 years ago.

Sharjah Islamic Bank (SIB) started servicing the society in 1975; providing banking services to individuals and companies. An Amiri decree; released by His Highness Dr. Sheikh Sultan Bin Mohamed Al Qassimi the member of the Supreme Council & Ruler of Sharjah, was issued to launch & green-light the bank’s expedition. The bank was originally founded as National Bank of Sharjah and was suited the first bank to convert to Islamic Banking in 2002.