Sharjah Islamic Bank (SIB) has successfully completed the sale of all its treasury shares, totalling 167.67 million shares — equivalent to 5.18 per cent of its total share capital — in a move that underscores strong investor confidence in the bank’s financial performance and growth outlook.
The announcement comes shortly after the release of SIB’s third-quarter financial results, which revealed continued profitability and operational strength. The sale reportedly attracted significant investor demand, reflecting the market’s positive sentiment toward the bank’s consistent performance and its solid balance sheet.
In a statement, Mohamed Abdalla, CEO of Sharjah Islamic Bank, said the successful completion of the sale demonstrates investors’ trust in the bank’s financial health and long-term strategy. “The strong demand for SIB’s shares highlights confidence in our financial strength and sustainable growth model,” he said. “Our positive third-quarter results reaffirm the bank’s operational efficiency and its ability to deliver strong returns for shareholders, further consolidating our leadership in the Islamic banking sector.”
Abdalla noted that the move forms part of SIB’s broader strategy to enhance market liquidity and diversify its shareholder base. By selling its treasury shares, the bank aims to increase trading activity in its stock and attract a wider pool of investors, both domestically and regionally.
Market analysts view the sale as a strategic step to strengthen SIB’s capital position while boosting investor participation in one of the UAE’s leading Sharia-compliant financial institutions. The transaction is also expected to improve the free float of SIB shares on the Abu Dhabi Securities Exchange, potentially enhancing the stock’s appeal to institutional and retail investors alike.
SIB has maintained steady growth across its core banking operations in recent quarters, supported by prudent risk management, expanding financing activities, and growing demand for Islamic financial products. The bank continues to play a key role in advancing Sharjah’s and the UAE’s Islamic finance sector, with a focus on innovation, sustainability, and digital transformation.
“The sale of treasury shares aligns with our long-term commitment to transparency, shareholder value, and market competitiveness,” Abdalla added. “As we continue to build on our success, SIB remains dedicated to strengthening its position as a leading Islamic bank in the region.”
With the transaction now complete, Sharjah Islamic Bank is expected to focus on leveraging its strong capital base to support new growth initiatives and expand its footprint in the Islamic banking industry across the Gulf and beyond.
