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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

SIB approves 10% cash dividend

Sharjah Islamic Bank posts AED 1bn profit for the first time in its history.
  • Al Owais said SIB posted a net profit of AED851.5 million, an increase of 31 percent compared to AED650.9 million in 2022.
  • He added that net operating profits saw an increase of 29 percent to reach AED1.3 billion, compared to AED1.0 billion for the previous year.

Sharjah, UAE — Sharjah Islamic Bank has approved a cash dividend of 10 percent of the company’s capital, equivalent to AED323.5 million.

The bank’s AGM also approved the proposal to reward board members, adopted the appointment of auditors for the year 2024, and appointed Dr. Abdulrahman Abdullah Al Saadi as a member of the internal Sharia Supervisory Committee, in addition to a set of other decisions.

Abdul Rahman Al Owais, Chairman of the Board of Directors of Sharjah Islamic Bank (SIB), pointed out that this growing success confirms the effectiveness of the policies adopted by the bank, which have resulted in a strong financial performance and steady growth year after year.

Al Owais said SIB posted a net profit of AED851.5 million, an increase of 31 percent compared to AED650.9 million in 2022.

He added that net operating profits saw an increase of 29 percent to reach AED1.3 billion, compared to AED1.0 billion for the previous year.