"The General Bank of Sharjah" The unified financial statements for the year ended on December 31
Sharjah, April 24 / WAM / Sharjah Bank held the fifty -second annual general assembly in the presence of the members of the Board of Directors, shareholders, senior management, external auditors, and representatives of the regulators.
The General Assembly discussed all the items listed on the agenda and agreed to it as approved on all regular and unusual decisions, including the adoption of the unified financial statements for the year ending December 31, 2024, and the recommendation of the Board of Directors to reset the Grant Thornton company as external auditors for the fiscal year 2025.
In addition, the General Assembly agreed to the Board’s proposal not to distribute cash dividends or grant shares for the year 2024, with the aim of strengthening the capital base, supporting financial flexibility, and achieving long -term growth goals.
Mr. Salem Al -Ghammi, a member of the board of directors, on behalf of Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Sharjah Bank Board of Directors, we are pleased to announce a strong recovery in 2024, driven by the high level of operational discipline and strengthening the financial foundations and aspiring to the future. We continue to provide a sustainable approach to our shareholders, our customers, and society as a whole. “
On the one hand, Mohamed Khadiri, CEO of Sharjah Bank, said, “We finished the year with a net profit of 385 million dirhams, and these distinguished results embody the success of our business model, the effectiveness of the transformation plan that was based on expanding our basic banking activities, promoting operational efficiency, wise management of risks, and investing in human cadres.”
He added, “We were keen in every step to consolidate a solid base that guarantees sustainable and comprehensive growth and with our entry in 2025, we intend to continue to focus on the clear strategic priorities that we have set, which is the development of our portfolio of high -quality loans with studied risks, and deepening our relationships, whether in the UAE or at the level Risk. ”
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