"Sharjah Islamic Bank" He succeeds in selling all of the treasury shares
Sharjah, 26 October / WAM / Sharjah Islamic Bank announced its success in selling all treasury shares amounting to 167.67 million shares, which represent 5.18% of its total capital, within a short period after announcing its financial results for the third quarter, which witnessed a large response from investors, which reflects the growing confidence in the bank’s performance and the strength of its financial position.
His Excellency Mohammed Abdullah, CEO of Sharjah Islamic Bank, confirmed that the large demand for the bank’s shares reflects investors’ confidence in the strength of its financial position and its strategy based on sustainable growth, noting that the positive results of the third quarter embody the efficiency of performance and the bank’s success in achieving lucrative returns for shareholders and enhancing its position in the Islamic banking sector.
He pointed out that this step comes within the bank’s efforts to strengthen and expand the shareholder base, which contributes to raising the levels of trading and liquidity in the bank’s shares and supporting its leadership position in the Islamic banking sector inside and outside the country.
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