Sharjah Islamic Bank Rights Issue Overview

Sharjah Islamic Bank PJSC (“SIB” or the “Bank”) has published on 14 February 2026 the invitation to the Annual General Meeting (“AGM”) proposing to increase its capital through a strategic rights issue aimed at raising gross proceeds of up to AED 2.59 billion. This initiative marks a decisive step to accelerate the pace of the Bank’s strong organic growth and deliver substantial long-term value for shareholders.

The proposed rights issue will increase SIB’s issued capital from AED 3,235,677,638 up to AED 4,314,236,850 through the issuance of up to 1,078,559,212 new shares.

The new shares will be issued at an issue price of AED 2.40 per new share, reflecting the nominal value of AED1.00 per new share and a share premium of AED 1.40 per new share.

This represents a discount of 37% to the closing share price of SIB’s shares on the Abu Dhabi Securities Exchange as of 13 February 2026.

Eligible shareholders will receive rights entitling them to subscribe for one new share for every 3 existing shares held.

The rights issue has received all necessary approvals from the Central Bank of the UAE and the Capital Markets Authority.

Last day to invest

15 April 2026

First day of trading the Rights on the ADX

20 April 2026

Last day of trading the Rights on the ADX

1 May 2026

Subscription Opening Date

27 April 2026

Subscription Closing Date

8 May 2026

Market

ADX

Date of allocation

No later than five (5) business days from the Close of Subscription

Refund date

No later than five (5) business days from the Date of Allocation

Commencement of Dealings in the New Shares

22 May 2026

SIB Rights issue FAQs

Website

SIB Rights Issue

Rationale for the capital increase

The rights issue provides shareholders with an opportunity to participate in the Bank’s continued success, through the subscription for new shares. This strategic initiative will serve the interests of the Bank and its shareholders by enhancing capacity to achieve significant asset growth, whilst remaining ahead of evolving regulatory requirements as the Bank continues to focus on delivering strong and sustainable returns.

SIB intends to use the net proceeds raised from the rights issue to strengthen its capital base well-beyond regulatory capital adequacy requirements, extend runway for balance sheet growth and maintain attractive shareholders returns.

Rights Issue supported by the Bank’s majority shareholder

The Government of Sharjah, holding a significant stake in SIB through Sharjah Asset Management LLC and Sharjah Social Security Fund, has confirmed its full support to the capital increase through rights issuance and its commitment as existing shareholder to subscribe in full for its proportional entitlement of the offered shares, which is a testament of its support to the Bank’s future ambitions.

Key Investment Highlights

Largest bank in Sharjah with 33 physical branches & 1 digital branch network spread across the UAE
Growing market share in the UAE banking sector with 9.4% market share in UAE Islamic banking sector
House-bank for Government of Sharjah and related entities
Consistent track record of profitability with healthy margins and improved efficiency
Strong liquidity and financing profile (22.3% liquid assets and 7.6% deposits growth in FY-25 vs. FY-24)
Well defined growth strategy across Corporate, Retail and IB segments with funds from the capital increase to fund the growth over the next 3-5 years
Extensive use of advanced technologies to offer a personalized customer experience

SIB in Numbers (FY 2025)

Total Operating Income	Net Profit	Total Assets
AED 2.5 bn	AED 1.3 bn	AED 90.3 bn

Coverage Ratio	Non-Performing Assets	Cost to Income	CET 1 (ex-dividend)
109% (+10% YoY)	3.8% (-110 bps YoY)	36.1%	11.9%

Log in to ENBD X and select "Transfer/Pay".
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Agree to the “Terms and Condition”.
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EMIRATES	BRANCH	Location	Working Hours	IPO Working Hours	Contact
Dubai	Jumeirah Branch	Emirates NBD Building, Al Wasl Rd Intersection, Umm Suquiem 3, Jumeirah, Dubai	Monday to Thursday (8:00 AM - 3:00 PM) Friday (8:00 AM - 11:30 AM) Saturday (8:00 AM - 3:00 PM)	Monday to Thursday (8:00 AM - 1:00 PM) Friday (8:00 AM - 11:00 AM) Saturday (8:00 AM - 1:00 PM)	800 ENBD IPO (800 3623 476)
Dubai	Al Qusais Branch	Damascus St, Near Dubai Grand Hotel, Al Qusais, Dubai	Monday to Thursday (8:00 AM - 3:00 PM) Friday (8:00 AM – 11:30 AM) Saturday (8:00 AM - 3:00 PM)	Monday to Thursday (8:00 AM - 1:00 PM) Friday (8:00 AM - 11:00 AM) Saturday (8:00 AM - 1:00 PM)	800 ENBD IPO (800 3623 476)
Abu Dhabi	Khalifa Branch	Ground Floor, Al Neem Building, Shaikh Khalifa Street, Abu Dhabi	Monday to Thursday (8:00 AM - 3:00 PM) Friday (8:00 AM - 11:30 AM)	Monday to Thursday (8:00 AM - 2:00 PM) Friday (8:00 AM - 11:00 AM)	800 ENBD IPO (800 3623 476)
Abu Dhabi	Abu Dhabi Main office Branch	Ground floor, Capital Plaza tower, Abu Dhabi	Monday to Thursday (8:00 AM - 3:00 PM) Friday (8:00 AM - 11:30 AM) Saturday (8:00 AM - 3:00 PM)	Monday to Thursday (8:00 AM - 1:00 PM) Friday (8:00 AM - 11:00 AM) Saturday (8:00 AM - 1:00 PM)	800 ENBD IPO (800 3623 476)
Al Ain	Al Ain Khalifa Street Branch	Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain	Monday to Thursday (8:00 AM - 3:00 PM) Friday (8:00 AM – 11:30 AM) Saturday (8:00 AM - 3:00 PM)	Monday to Thursday (8:00 AM - 1:00 PM) Friday (8:00 AM - 11:00 AM) Saturday (8:00 AM - 1:00 PM)	800 ENBD IPO (800 3623 476)
Sharjah	Sharjah Man Branch	Ground Floor, Emirates NBD Building, Immigration Road, Al Qassimia Area, Sharjah	Monday to Thursday (8:00 AM - 3:00 PM) Friday (8:00 AM - 11:30 PM) Saturday (8:00 AM - 3:00 PM)	Monday to Thursday (8:00 AM - 1:00 PM) Friday (8:00 AM - 11:00 AM) Saturday (8:00 AM - 1:00 PM)	800 ENBD IPO (800 3623 476)
Ajman	Ajman Branch	Emirates NBD Building, Sheikh Rashid Bin Humaid St, Al Sawan, Ajman	Monday to Thursday (8:00 AM - 3:00 PM) Friday (8:00 AM - 11:30 AM) Saturday (8:00 AM - 3:00 PM)	Monday to Thursday (8:00 AM - 1:00 PM) Friday (8:00 AM - 11:00 AM) Saturday (8:00 AM - 1:00 PM)	800 ENBD IPO (800 3623 476)