All UAE Saudi Egypt
Reset All
Showing 9 of 14
  • UAE Flag
    FIRST LOOK NOTES
    22 Apr 2025
    Sharjah Islamic Bank (SIB)
    ACCUMULATE
    AED 2.31
    AED 2.60
    +12.55%

    UAE Equity Research - Sharjah Islamic Bank (SIB) 1Q25 - First Look Note

    SIB’s funded income rose 6.0% YOY to AED 914 Mn in 1Q25, mainly driven by an increase in net advances. SIB’s net advances grew 20.8% YOY and 7.0% QOQ to AED 40.3 Bn in 1Q25, while Customer deposits grew 15.6% YOY and 0.7% QOQ to AED 52.1 Bn in 1Q25.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    18 Apr 2025
    Sharjah Islamic Bank (SIB)
    HOLD
    AED 2.32
    AED 2.60
    +12.07%

    UAE Equity Research - Sharjah Islamic Bank (SIB) - Earnings Flash

    Sharjah Islamic Bank reported a net profit of AED 318.9 Mn in 1Q25, reflecting a 24.6% year-on-year (YoY) increase compared to AED 255.9 Mn in 1Q24, mainly driven by significant rise in non-profit income, reflecting the focus on diversifying revenue streams through fee-based activities and other non-financing income sources.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    03 Feb 2025
    Sharjah Islamic Bank (SIB)
    HOLD
    AED 2.64
    AED 2.60
    -1.52%

    UAE Equity Research - Sharjah Islamic Bank (SIB) 4Q24 - First Look Note

    SIB’s net funded income increased 10.4% YOY to AED 406 Mn in 4Q24. Provisions increased significantly from AED 48 Mn in 4Q23 to AED 110 Mn in 4Q24. The Bank’s cost-to-income ratio increased from 39.4% in 4Q23 to 45.4% in 4Q24 owing to increase in operating expenses.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    24 Oct 2024
    Sharjah Islamic Bank (SIB)
    HOLD
    AED 2.29
    AED 2.25
    -1.75%

    UAE Equity Research - Sharjah Islamic Bank (SIB) 3Q24 - First Look Note

    SIB’s non-funded income rose significantly from AED 82 Mn in 3Q23 to AED 212 Mn in 3Q24. Loan-to-Deposit ratio rose from 71.2% in 2Q24 to 76.2% in 3Q24. The bank’s CASA deposits as a percentage of total customer deposits declined from 42.2% in 4Q23 to 40.1% in 3Q24.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    23 Jul 2024
    Sharjah Islamic Bank (SIB)
    HOLD
    AED 2.24
    AED 2.20
    -1.79%

    Growth in non-funded income and lower provisions boosted profitability

    Sharjah Islamic Bank’s (SIB/the Bank) net profit grew 17.2% YOY to AED 307 Mn in 2Q24, higher than our estimate of AED 263 Mn.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    25 Apr 2024
    Sharjah Islamic Bank (SIB)
    HOLD
    AED 2.22
    AED 2.20
    -0.90%

    Higher non-core income and increased lending supported profitability

    SIB’s advances grew 9.7% YOY to AED 33.4 Bn in 1Q24, while deposits grew 7.6% YOY to 45.1 Bn in 1Q24.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    02 Feb 2024
    Sharjah Islamic Bank (SIB)
    REDUCE
    AED 2.35
    AED 2.20
    -6.38%

    Higher revaluation loss on properties impacted profitability

    Sharjah Islamic Bank’s (SIB/the Bank) net profit grew 2.3% YOY to AED 84 Mn in 4Q23, lower than our estimate of AED 207 Mn.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    31 Oct 2023
    Sharjah Islamic Bank (SIB)
    REDUCE
    AED 2.34
    AED 2.07
    -11.54%

    Lower opex and impairments boosted profit

    Sharjah Islamic Bank’s (SIB/the Bank) net profit rose 31.9% YOY to AED 273 Mn in 3Q23, in line with our estimate of AED 273 Mn.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    07 Aug 2023
    Sharjah Islamic Bank (SIB)
    REDUCE
    AED 2.34
    AED 2.07
    -11.54%

    Higher net funded & non-funded income boosted profit

    Sharjah Islamic Bank’s (SIB/the Bank) net profit rose 49.6% YOY to AED 262 Mn in 2Q23, higher than our estimate of AED 223 Mn.
    Download

Filter by

Advance Search

Search Company

List of companies
Search result
Commercial International Bank (COMI) Telecom Egypt