Sharjah Islamic Bank PJSC has announced a Rights Issue for its existing shareholders. Investors are advised to take note of the following key dates:
- Publication of Rights Issue Invitation: 30 March 2026
- Last Day to Purchase SIB shares to ensure eligibility for Rights Issue: 15 April 2026
Last day for new investors, and existing shareholders who wish to increase their allocation, to purchase existing SIB shares and be eligible to receive rights.
- Eligibility (Record) Date: 17 April 2026
Rights will be granted to all shareholders recorded on SIB’s share register at the ADX as of the close of trading on this “record date”.
- First Day of Trading of Rights on ADX: 20 April 2026
- Last Day of Trading of Rights on ADX: 1 May 2026
- Subscription Period:
- Opening Date: 27 April 2026
- Closing Date: 8 May 2026
- Expected Date of Allocation: No later than five (5) business days from the subscription closing date
- Expected Refund Date: No later than five (5) business days from the date of allocation
- Commencement of Trading of New Shares: 22 May 2026
Important Note:
Please note that purchasing the Rights Issue does not automatically guarantee allocation of shares. To receive the shares, you must exercise your rights by purchasing the new shares at the issuer’s specified price within the subscription period. Alternatively, you may choose to sell your rights before the last trading day to avoid any potential loss on your investment.
Shareholders who do not sell their rights during the trading period or exercise them during the subscription period will forfeit the value of their rights.
All dates are indicative and subject to change in accordance with regulatory requirements or official UAE holidays.
For more information, please click here.
