Bank of Sharjah

Business and history

As of: 2026-06-30

Bank of Sharjah P.J.S.C. is the UAE bank identified by ADX ticker BOS, not Sharjah Islamic Bank. It was incorporated by an Amiri decree on 22 December 1973 and received its banking licence on 26 January 1974. The June 2026 accounts describe commercial and investment banking, with six UAE branches across Sharjah, Dubai, Abu Dhabi and Al Ain. This is the operating footprint disclosed in the report, not a breakdown of revenue by city. The profile describes the reporting group; it should not be read as a standalone parent-bank statement.

How the business earns income

As of: 2026-08-31

Lending and securities generate interest, while deposits and wholesale funding incur interest expense. The difference is net interest income, not gross revenue available to shareholders. Fees, foreign exchange, investments and property income also matter. The official website presents corporate lending, overdrafts, letters of credit, guarantees, project finance, payroll and escrow services, alongside personal and private banking. The product range explains the business model; it does not establish each product's revenue contribution. Property and investment exposures make the group broader than a simple deposit-and-loan franchise.

Group structure

As of: 2026-06-30

The disclosed subsidiaries include wholly owned El Capital FZC and BOS Capital FZC for investment activities, BOS Real Estate FZC and BOS Real Estate Egypt for property development, and Borealis Gulf FZC for investment and real estate. Muwaileh Capital FZC is 90%-owned. Cayman funding, repo and derivatives vehicles serve financing functions; they are not additional retail banks. The Egyptian property subsidiary also means that UAE branch locations do not describe every group exposure. Emirates Lebanon Bank requires separate treatment because its held-for-sale accounting differs from ordinary consolidated operations.

Lebanon: disposal remains incomplete

As of: 2026-06-30

Emirates Lebanon Bank S.A.L. is carried as held for sale at AED 844.790 million, unchanged from December 2025. The notes describe deconsolidation effective 1 April 2023 and continuing buyer discussions, not a completed sale. Its current results were considered immaterial and were not included in the interim results. Grant Thornton's review conclusion was not modified, but an emphasis-of-matter paragraph highlights the delayed disposal and the impracticability of updating fair value less costs to sell amid Lebanese geopolitical conditions. The carrying value is neither cash received nor a new June valuation. Completion, regulatory approvals and valuation remain issues to monitor.

Dated ownership and management

As of: 2025-12-31

At 31 December 2025, Sharjah Asset Management held 39.25% and United Alsaqer Group 9.31%; other shareholders held 51.44%. These are annual-report holdings, not a live register or a verified June 2026 ownership update. The interim accounts authorised on 16 July 2026 identify Mohammed Bin Saud Al Qasimi as chairman and Mohamed Khadiri as chief executive. Significant institutional ownership provides governance context but is not presented as a guarantee of deposits, debt or investment returns.

Annual results and their composition

As of: 2025-12-31

Audited consolidated 2025 operating income was AED 1,146.549 million against 726.516 million in 2024. Group net profit was 728.782 million against 384.690 million. Net interest income increased to 678.169 million from 429.009 million, while net property income rose to 210.626 million from 104.431 million. Thus the annual improvement was not exclusively lending income. Property income must not automatically be described as entirely valuation gains, nor assumed to recur unchanged. Annual totals are kept separate from the six-month comparison below.

First-half earnings quality

As of: 2026-06-30

The six months to June 2026 show stronger net interest income but lower net fees, investment income and foreign-exchange income than the same period of 2025. A net impairment reversal of AED 8.089 million replaced a loss of 16.149 million, also helping earnings. Group net profit of 361.912 million differs from 362.073 million attributable to bank owners because non-controlling interests recorded a loss. These reviewed IAS 34 interim figures are not a full-year audit. Neither doubling interim profit nor comparing it directly with a full year's profit establishes a forecast.

Balance-sheet growth and funding

As of: 2026-06-30

Loans and total assets increased from December, while customer deposits also rose. The deposit mix matters: time deposits reached AED 27,342.157 million from 24,348.947 million, whereas current and other accounts and savings declined. Deposit growth therefore does not by itself demonstrate cheaper funding. The balance sheet also uses interbank funds, repos and issued bonds. Three five-year senior unsecured USD 500 million issues were placed in 2023, 2024 and 2025. Deposits are operating bank funding, not industrial-company debt to be mechanically offset against cash.

Regulatory capital

As of: 2026-06-30

The disclosed CET1 ratio rose to 17.51% from 15.70%, and total capital adequacy to 18.67% from 16.88%. Risk-weighted assets declined while CET1 capital increased, so both numerator and denominator contributed to the ratios. These are regulatory measures, not returns on equity or a substitute for liquidity analysis. The June capital table records no additional Tier 1 amount. A prospective financing transaction should not be treated as completed capital merely because it has been discussed elsewhere.

Credit, concentration and collateral

As of: 2026-06-30

Related-party net loans were AED 10,631.761 million at June against 5,111.987 million at December. Related-party deposits were 12,116.086 million against 8,750.925 million. These exposures and funding balances should be examined separately, not netted to declare credit risk absent. Repo collateral also encumbers securities: the disclosed fair value of pledged bonds was AED 3.88 billion. Property exposure, funding repricing and the Lebanon disposal add distinct risks. The profile does not supply an NPL ratio or liquidity-coverage ratio that has not been established from the selected passages.

What to monitor next

As of: 2026-06-30

The editorial focus is whether growth in net interest income remains durable as loans expand and funding reprices, and whether fees recover without relying on property or impairment movements. Capital ratios should be read alongside lending growth and concentration, not in isolation. For Lebanon, a completed disposal and an updated valuation would be different milestones. These are questions raised by the accounts, not management forecasts, price targets or a recommendation to buy or sell. This profile complements the preserved dated results review rather than replacing it.

Official contacts and source basis

As of: 2026-08-31

The official website is bankofsharjah.com. The registered office in the interim report is Al Khan Road, P.O. Box 1394, Sharjah, UAE. The official investor-relations contact page is linked separately; automated access to that page was unavailable during this check, so no unverified telephone or email is supplied. Sources comprise the held official June 2026 interim accounts, 2025 annual financial statements and integrated report, with exact exchange links. Ownership is dated December 2025; interim flows cover six months and balance-sheet figures are point-in-time amounts. This is original editorial reporting, not an independent audit of the company.

Sources

1. S1 · Bank of Sharjah condensed consolidated interim financial statements, six months ended 30 June 2026 · 2026-06-30
2. S2 · Bank of Sharjah consolidated financial statements 2025 · 2025-12-31
3. S3 · Bank of Sharjah integrated report 2025 · 2025-12-31
4. S4 · Bank of Sharjah official website · 2026-08-31