Sharjah: Bank of Sharjah held its 53rd Annual General Assembly Meeting (AGM) on April 30, 2026. The meeting was chaired by Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Board of Directors, and attended by Board members, shareholders, senior management, external auditors, and a representative of Capital Market Authority.
According to Emirates News Agency, the General Assembly discussed and approved all items on the agenda. It also ratified all ordinary and extraordinary resolutions set forth in the meeting, including the approval of the consolidated financial statements for the year ended December 31, 2025, and the Board's recommendation to reappoint Grant Thornton as the external auditors for the fiscal year 2026. Additionally, the General Assembly approved the Board of Directors' proposal to distribute a cash dividend of 6.5% of the Bank's share capital, for the year 2025.
Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, commented on the Bank's performance and outlook, stating that the Bank achieved record net profit growth of 89%, amounting to AED729 million. He noted substantial improvements across all key financial metrics and emphasized the Bank's strategic focus on fee income, transactional banking, and trade finance activities. The Bank aims to continue supporting the growth and expansion of UAE-based businesses, contributing to a resilient and prosperous economy in 2026.
Mohamed Khadiri, CEO of Bank of Sharjah, remarked that 2025 was a defining year for the Bank, with strategy translating into measurable results. He highlighted the Bank's focus on building a high-performance culture centered on ownership, accountability, and exceptional customer experiences. The Bank also made progress in operational efficiency and governance structures.
Khadiri expressed confidence in sustaining the Bank's growth trajectory, differentiating it in a competitive landscape, and delivering long-term value to shareholders. Beyond financial results, Bank of Sharjah reinforced its commitment to the UAE's Emiratization agenda, prioritizing the recruitment and development of UAE National talent and establishing leadership roles and career progression pathways.
