Bank of Sharjah held its 53rd Annual General Assembly Meeting on April 30, 2026, chaired by Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Board of Directors. The meeting was attended by board members, shareholders, senior management, external auditors, and a representative of the Capital Market Authority.
The General Assembly approved all agenda items and ratified the ordinary and extraordinary resolutions presented. Additionally, shareholders approved the consolidated financial statements for the year ended December 31, 2025. The meeting also endorsed the board’s recommendation to reappoint Grant Thornton as external auditor for the 2026 financial year.
Moreover, shareholders approved the Board of Directors’ proposal to distribute a cash dividend of 6.5% of the bank’s share capital for 2025.
2025 Results and Business Momentum
Commenting on the bank’s performance and outlook, Bank of Sharjah’s Chairman, Sheikh Mohammed bin Saud Al Qasimi, said: “We are pleased to report exceptional results in 2025, achieving record net profit growth of 89% to AED729 million, alongside substantial improvements across all key financial metrics. Our strategy continued to yield strong results, evidenced by sustained growth in fee income, transactional banking, and trade finance activities, further reinforcing our role as a trusted partner in supporting the growth and expansion of UAE-based businesses. We’ve entered 2026 with strong momentum across all business lines and remain committed to advancing our strategic priorities, while contributing to the UAE’s vision of a resilient and prosperous economy.”
Mohamed Khadiri, CEO of Bank of Sharjah, commented: “2025 marked a defining chapter in Bank of Sharjah’s journey, one in which ambition translated decisively into execution, and strategy into measurable results. At the core of our strategy is a clear vision: to build a high-performance culture anchored in ownership, accountability, and a firm focus on delivering exceptional customer experiences. We also made tangible progress in improving operational efficiency, optimizing resource allocation, and reinforcing governance structures.”
Khadiri added: “With a strong balance sheet, clear strategic direction, and a renewed sense of purpose, we are well-positioned to sustain our growth trajectory, differentiate Bank of Sharjah in an increasingly competitive landscape, and continue delivering long-term value to our shareholders.”
Emiratisation and Workforce Development
Beyond its financial performance, the bank reaffirmed its commitment to the UAE’s Emiratisation agenda, positioning it as a central pillar of its long-term strategy. Additionally, it continued to focus on recruiting, developing, and retaining UAE national talent.
Moreover, the bank’s initiatives prioritised attracting Emiratis into leadership roles and establishing structured career progression pathways. As a result, it aims to strengthen workforce sustainability while aligning with national development objectives.
