Sharjah Islamic Bank Fully Divests Treasury Shares Following Strong Q3 Results
Sharjah, UAE – Sharjah islamic Bank (SIB) announced today the complete sale of its treasury shares, comprising 167.67 million shares – equivalent to 5.18% of its total capital. The swift divestment follows the bankS release of its third-quarter financial results, which garnered meaningful investor interest.
The accomplished sale underscores growing market confidence in SIB’s financial health and strategic direction. The move allows the bank to optimize its capital structure and reflects positively on its recent performance, delivering lucrative returns to shareholders and solidifying its position within the competitive Islamic banking landscape.
According to Mohammed Abdullah, CEO of Sharjah Islamic Bank, the significant demand for the shares “reflects investors’ confidence in the strength of its financial position and its strategy based on enduring growth.” He further stated that the positive Q3 results demonstrate the bank’s operational efficiency and its ability to generate strong shareholder value.
