Latest news with #MohamedKhadiri
Arabian Business
16-05-2025
- Business
- Arabian Business
UAE's Bank of Sharjah and Apex Investment added to MSCI Global Small Cap Index
Two UAE stocks – Bank of Sharjah and APEX Investment – have been included in the MSCI Global Small Cap Index following a semi-annual index review. The inclusion will take effect after the market closes on 30 May. The MSCI Global Small Cap Index is tracked by major institutional investors and global investment funds, with trillions of dollars in assets benchmarked against MSCI's suite of indexes. Inclusion typically signals strong market performance, sound governance, and growing investor confidence. MSCI also announced that Dubai Electricity and Water Authority (DEWA), ADNOC Gas and Salik were selected for inclusion in the MSCI Emerging Markets Index. There will be 147 additions to and 201 deletions from the MSCI Small Cap Index. The new review also resulted in five additions in Saudi Arabia (Almoosa Health, Arabian Drilling, Knowledge Economic City, Nice One Beauty Digital Marketing and United International Holding), and three deletions (Al Jouf Agricultural Development, Herfy Food Services and Sinad Holding Company). Bank of Sharjah achieves milestone The inclusion marks a significant milestone in Bank of Sharjah's journey, reinforcing its position as a high-performing and transparent financial institution in the region. Mohamed Khadiri, Chief Executive Officer of Bank of Sharjah, commented: 'Joining the MSCI Global Small Cap Index is a proud and defining moment for Bank of Sharjah. It validates the strength of our fundamentals, the success of our strategic transformation, and the confidence the market places in us.' 'This inclusion enhances our international visibility, strengthens our appeal to global investors, and is expected to drive increased liquidity and shareholder value. Most importantly, it opens the door to a wider investment community that shares our long-term vision for sustainable growth.' The Abu Dhabi-headquartered APEX Investment is a diversified investment holding company, with investment across sectors including commercial catering, facilities management, contracting and auxiliary business, investments, tech and big data, among others.
Sharjah 24
15-05-2025
- Business
- Sharjah 24
Bank of Sharjah to be included in MSCI Global Small Cap Index
A milestone for the bank The inclusion represents a significant achievement, highlighting the bank's strong market performance, transparency, and solid governance. Being part of the MSCI Global Small Cap Index—tracked by major institutional investors—signals growing investor confidence and reinforces the bank's regional standing. Leadership perspective Mohamed Khadiri, CEO of Bank of Sharjah, described the inclusion as a defining moment, validating the bank's strategic transformation and financial fundamentals. He emphasized that the listing will enhance global visibility, attract international investors, and boost both liquidity and shareholder value. Investor confidence and growth strategy This milestone reflects consistent financial results, sound risk management, and ongoing operational enhancements. It also demonstrates the confidence placed in the bank by both local and international investor communities, reinforcing its trajectory toward sustainable, long-term growth.
Zawya
15-05-2025
- Business
- Zawya
Bank of Sharjah to be included in MSCI Global Small Cap Index
Sharjah, UAE – Bank of Sharjah (ADX: BOS) is pleased to announce that its shares will be added to the MSCI Global Small Cap Index, effective after market close on May 30, 2025, as part of MSCI's semi-annual index review. This prestigious inclusion marks a significant milestone in Bank of Sharjah's journey, reinforcing its position as a high-performing and transparent financial institution in the region. The MSCI Global Small Cap Index is tracked by major institutional investors and global investment funds, with trillions of dollars in assets benchmarked against MSCI's suite of indexes. Inclusion typically signals strong market performance, sound governance, and growing investor confidence. On this occasion, Mr. Mohamed Khadiri, Chief Executive Officer of Bank of Sharjah, commented: 'Joining the MSCI Global Small Cap Index is a proud and defining moment for Bank of Sharjah. It validates the strength of our fundamentals, the success of our strategic transformation, and the confidence the market places in us.' Mr. Khadiri added: 'This inclusion enhances our international visibility, strengthens our appeal to global investors, and is expected to drive increased liquidity and shareholder value. Most importantly, it opens the door to a wider investment community that shares our long-term vision for sustainable growth.' The bank's inclusion in the index comes on the back of consistent financial performance, prudent risk management, and ongoing operational modernization efforts. It is also a clear reflection of the confidence that both the local and international investor communities have placed in the bank's leadership and growth trajectory. About Bank of Sharjah: Bank of Sharjah was established on December 22, 1973, through a decree issued by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, UAE Supreme Council Member and Ruler of Sharjah. Banking operations started in May 1974. The Bank was the first commercial bank in Sharjah, the fifth in the Federation and the first to make 40% of its capital available for public subscription.
Zawya
07-05-2025
- Business
- Zawya
Bank of Sharjah reports strong Q1 2025 results with 45% Surge in Net Profit to AED116mln
Sharjah, UAE – Bank of Sharjah has announced a strong start to 2025, posting a net profit of AED 116 million for the first quarter ended March 31, 2025, marking a 45% increase compared to AED 80 million in Q1 2024. The solid performance follows the Bank's remarkable turnaround in 2024 and reflects continued momentum driven by sound strategy, disciplined risk management, and improved operational efficiency. The Bank's first-quarter results were underpinned by a resilient balance sheet, prudent asset allocation, and a sustained focus on business growth. Operating income rose to AED 201 million, up 40.6% year-on-year, while the Bank continued to demonstrate its commitment to maintaining cost discipline, building on the positive trajectory established in 2024. Commenting on the results, Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, said: 'I am pleased to announce an exceptional start to 2025, as we achieved record profitability in the first quarter. This performance reinforces our trajectory of sustainable growth, the strength of our strategic initiatives and the resilience of our business model.' 'The UAE's dynamic economic environment continues to offer compelling opportunities, and we remain well-positioned to leverage them.' added Sheikh Mohammed bin Saud Al Qasimi. Also expressing delight at the remarkable results was Chief Executive Officer of Bank of Sharjah, Mr. Mohamed Khadiri, who commented: 'We have kicked off 2025 on a strong note, delivering an outstanding performance that reflects the successful execution of our transformation strategy. This achievement is driven by robust growth across all business lines, deeper client engagement, disciplined risk management, and the continued optimization of our operating model.' The Bank's Q1 2025 disclosure, released through the Abu Dhabi Securities Exchange (ADX), revealed a nearly 55% increase in profit before tax to AED 130 million. As of March 31, 2025, total assets reached AED 44.8 billion, with customer deposits rising to AED 30.5 billion, reflecting strong market confidence and customer loyalty. Liquidity and capital adequacy ratios remained comfortably above regulatory thresholds, reinforcing the Bank's robust financial standing. 'We are making meaningful progress in diversifying our revenue streams, expanding our customer base, and strengthening our client relationships – all of which are contributing to a well-balanced income mix and enhanced profitability.' added Mr. Khadiri. The Q1 2025 performance builds on the Bank's spectacular turnaround in 2024, where it reported a profit before tax of AED 416 million (AED 385 million after tax), reversing a loss of AED 275 million in 2023. The strong results confirm the success of management's transformation efforts and signals continued growth in the months ahead. 'As we look ahead, we are committed to sustaining this momentum. By leveraging our core strengths, we will continue to navigate market opportunities and challenges with agility. With a clear strategic vision and a culture anchored in resilience and innovation, Bank of Sharjah is well-positioned to sustain its upward trajectory and deliver consistent and long-term value for all stakeholders,' Mr. Khadiri concluded. About Bank of Sharjah: Bank of Sharjah was established on December 22, 1973, through a decree issued by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, UAE Supreme Council Member and Ruler of Sharjah. Banking operations started in May 1974. The Bank was the first commercial bank in Sharjah, the fifth in the Federation and the first to make 40% of its capital available for public subscription.
Sharjah 24
30-04-2025
- Business
- Sharjah 24
Bank of Sharjah leads a USD 500 mln Green Sukuk for Omniyat
The issuance attracted exceptional investor demand, with the order book oversubscribed 3.6 times. This strong interest from both international and regional investors reflects the global confidence in Omniyat's credit profile, the strategic appeal of the UAE's real estate sector, and the country's resilient economic outlook. Initially marketed as a benchmark size deal with price guidance in the high 8.00% area, the strength of the order book enabled the issuer to tighten pricing and set the final yield at 8.375%. On the back of this momentum, the issuance was upsized to USD 500 million, from the initially announced USD 400 million. Notably, 25% of the deal was allocated to investors from the UK, Europe, and the US offshore markets, highlighting robust international participation. In response to the successful closure of this transaction, Mr. Mohamed Khadiri, CEO of Bank of Sharjah, commented: 'While Omniyat has previously tapped the loan markets, this Sukuk issuance marks a strategic milestone as its first foray into the Debt Capital Markets. Completing this landmark transaction amid volatile market conditions is a testament to Omniyat's solid business fundamentals and the market's confidence in its long-term vision.' Mr. Khadiri continued: 'We are very pleased to count Omniyat among our valued corporate clients. This transaction is the beginning of a longstanding and mutually beneficial partnership. Our participation also reaffirms Bank of Sharjah's ongoing commitment to advancing sustainable finance initiatives in alignment with our Environmental, Social and Governance (ESG) framework and principles.' Mr. Damian White, Chief Treasury Officer at Bank of Sharjah, added: 'This Green Sukuk issuance represents a significant step in broadening the services and value that the Bank delivers to our customers. We are very pleased to have been part of Omniyat's inaugural sukuk issuance, and the success of the transaction underscores Omniyat's strong market positioning and execution strategy.' The successful completion of this high-profile transaction reinforces Bank of Sharjah's role as a trusted advisor and lead arranger in the region's evolving capital markets, while also stipulating the increasing importance of sustainable finance in the GCC and beyond.
