Sharjah Islamic Bank (SIB) disclosed changes in the ownership percentages of shareholders holding 5% or more of the bank’s shares.
According to the disclosure:
• Sharjah Assets Management reduced its ownership stake by 3.5%, decreasing its holding to 25.0% from 28.5%
• Sharjah Social Security Fund increased its ownership stake by 3.6%, raising its holding to 19.7% from 16.1%
The disclosure was made in accordance with UAE disclosure and transparency regulations relating to changes in ownership above the 5% threshold.
Source: Abu Dhabi Securities Exchange (ADX) Disclosure / Sharjah Islamic Bank
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.