Sharjah Islamic Bank (SIB) has scheduled its Annual General Meeting (AGM) for March 9, 2026, to review the financial position for the year ended December 31, 2025.
The Board of Directors has recommended a 20% cash dividend distribution, amounting to AED 647,135,527.60 or AED 0.20 per share.
Shareholders will vote on a special resolution to increase the bank's share capital by up to AED 1,078,559,212 through a rights issue at a price of AED 2.40 per share (AED 1 nominal plus AED 1.40 premium).
If approved, the rights issue would increase the total share capital from AED 3,235,677,638 to a maximum of AED 4,314,236,850.
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