UAE .. Sharjah Bank shares have risen to the highest price in 84 months

Sharjah Bank’s shares listed in the Abu Dhabi Securities Market increased by 5.94% during the market trading today, Tuesday, to circulate at the price of 1.04 dirhams per share, to its highest price in 84 months.

The trading on Sharjah Bank’s shares at that time came at 10.07 million shares with a value of 10.46 million dirhams.

The highest price for the share at that time was at 1.07 dirhams during the session, while the lowest price was at 1.01 dirhams per share, thus touching its highest price in 7 years and 14 days.

Sharjah Bank, which is included in the Abu Dhabi Securities Market, recorded a growth in its 45% net profits during the first quarter of this year, compared to the same period in 2024.

Sharjah Bank

The bank achieved a net profit of 116 million dirhams in the first quarter of 2025, compared to 80 million dirhams during the same quarter of the previous year.

The bank said in a statement that this strong performance reflects the continued positive momentum that started last year, driven by a tight strategy and effective management of risk, as well as improving operational efficiency.

These results were supported by a flexible public budget and a balanced distribution of assets, with a continuous focus on expanding the scope of business, which contributed to the increase in operational income by 40.6% to reach 201 million dirhams during the first quarter of 2025.

The bank also continued its disciplined approach to controlling costs, within the framework of the improvement plan that it started in 2024.

Sharjah Bank has recorded record annual profits for the fiscal year ending December 31, 2024, as the net profit before taxes reached 416 million dirhams, and 385 million dirhams after deducting taxes, achieving a major transformation compared to 2023, as a result of strong growth in revenue, cost management efficiency, and effective risk governance.