Abu Dhabi - Mubasher: The annual general meeting (OGM) of Sharjah Islamic Bank approved cash dividends worth AED 647.10 million, equivalent to 20% of its capital, for 2025.
The ADX-listed bank will pay out a dividend of AED 0.20 per share, according to a press release.
This dividend is higher than the 15% distributed in the previous year, reaffirming the bank’s commitment to delivering sustainable and rewarding returns to its shareholders.
During the same meeting, the equityholders also greenlighted increasing the lender’s capital by AED 1.07 billion to AED 4.31 billion from AED 3.23 billion.
The hike will be executed through a rights issue of 1.07 billion new shares at an issuance price of AED 2.40 per share. Meanwhile, the issuance price includes AED 1 nominal value and AED 1.40 share premium.
Abdul Rahman Al Owais, Chairman of Sharjah Islamic Bank, said the proposed capital increase reflects the bank's readiness to enter a new growth phase in its sixth decade, strengthening its ability to expand operations, grow assets, and meet evolving regulatory requirements while continuing to deliver sustainable long-term value to shareholders.
During 2025, Sharjah Islamic Bank logged an annual hike of 25.70% in net profits to AED 1.31 billion, compared to AED 1.04 billion.
