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Главная Блог Sharjah Islamic Bank Rights Issue Raises Dh8.3 Billion

Sharjah Islamic Bank Rights Issue Attracts Dh8.3 Billion

13.05.2026
59 мин
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13.05.2026 14:31
Sharjah Islamic Bank rights issue draws Dh8.3 billion in demand

## Oversubscription Amid Market Volatility

Sharjah Islamic Bank (SIB) successfully completed a rights issue, raising Dh2.59 billion. The offering was oversubscribed by more than 3.2 times, with total demand reaching Dh8.3 billion, despite challenging global market conditions. The subscription period concluded on May 8.

## Strengthening Capital and Growth Plans

The bank stated that the capital raised will bolster its financial position and support long-term growth strategies. This transaction is noted as the second-largest rights issue on the Abu Dhabi Securities Exchange in the past two decades.

## Government and Investor Participation

The Government of Sharjah, SIB’s largest shareholder, fully subscribed to its entitlement. Excluding the government's shares, the remaining portion was oversubscribed by over 4.5 times. Foreign investors, including international institutions, accounted for about 55% of the demand.

## Investor Confidence

The strong response from investors underscores confidence in SIB's financial health and strategic direction, as well as trust in the UAE's economic stability. Chairman Abdulrahman Alowais highlighted this confidence, while CEO Mohamed Abdalla emphasized the importance of the additional capital for future growth.

## Key Players in the Transaction

Emirates NBD Capital led the transaction, with Emirates NBD Bank as the lead receiving bank. SIB also acted as a receiving bank for the offering.

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