Bank of Sharjah achieves 729 million dirhams in net profits and approves the distribution of cash dividends of 6.5%.
Sharjah, April 30, 2017 (WAM) – Today, the Bank of Sharjah held its fifty-third annual general assembly meeting, chaired by Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Board of Directors, in the presence of members of the Board of Directors, shareholders, senior executive management, external auditors, and a representative of the Capital Market Authority.
Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Board of Directors of the Bank of Sharjah, said: We are pleased to announce the achievement of exceptional results during the year 2025, as the bank recorded a record growth in net profits by 89% to reach 729 million dirhams, and the distribution of cash dividends by 6.5%, in addition to a tangible improvement in all major financial indicators. He added: Our strategy has resulted in achieving strong results supported by sustainable growth in fee revenues, transaction banking services, and trade financing activities, which enhances the bank’s position as a reliable banking partner in Supporting the growth and expansion of companies operating in the United Arab Emirates, and as we enter the year 2026, we affirm our commitment to continuing to implement our strategic priorities and actively contributing to achieving the vision of the United Arab Emirates towards a sustainable and prosperous economy.
The General Assembly discussed and approved all agenda items and approved all ordinary and extraordinary decisions presented during the meeting, including the adoption of the consolidated financial statements for the fiscal year ending on December 31, 2025 and approval of the Board of Directors’ recommendation to reappoint Grant Thornton Company as external auditors for the fiscal year 2026. The General Assembly also approved the Board of Directors’ proposal regarding the distribution of cash dividends to shareholders at the rate of 6.5% of the bank’s capital for the year 2025.
Mohammed Khediri, CEO of Bank of Sharjah, said that the year 2025 represented a pivotal stage in the bank’s journey, as ambitions were embodied in tangible achievements and the strategy turned into measurable results. Our strategy is based on a clear vision of building a high-performance institutional culture and focusing on providing a distinguished banking experience to customers. The bank has also made tangible progress in enhancing operational efficiency, improving resource allocation, and consolidating institutional governance frameworks.
On another level, and in addition to its distinguished financial results, the Bank of Sharjah renewed its commitment to the Emiratisation agenda in the UAE by establishing it as a basic strategic pillar within its long-term plans, as the bank continued to give priority to attracting, developing and retaining national talents to ensure the alignment of its human resources with the country’s ambitions and diversity. Its initiatives also focused on enabling Emirati cadres to assume leadership positions and establishing clear and systematic career paths that support sustainable career development.
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