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SIB’s net income slips 1.7% in 3Q as fee income drops despite financing growth
The bank’s 9M earnings are still up 9%, but weaker fees and rising costs weighed on 3Q results even as…
THIS MORNING: Mubadala eyes investment in Italian gas turbine maker + a settlement to the Paramount antitrust lawsuit could be on the way
Plus: SIB taps advisors for sukuk offering
SIB’s post-rights-issue lending push drives 15% earnings growth
Net income rose 15.3% to AED 803.9 mn, while operating income climbed 20.5% to AED 1.4 bn
Foreign appetite for UAE debt holds firm as SIB’s AED 2.59 bn rights issue is 3.2x oversubscribed
Foreign investors accounted for 55% of overall demand, suggesting that March’s “risk-off” sentiment is fading
SIB’s net income rises 19.4% y-o-y in 1Q 2026
Income from Islamic financing and sukuk grew 14.4% y-o-y to nearly AED 1.1 bn
SIB taps market with AED 2.6 bn discounted rights issue
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GCC banks face 50% dividend haircut to preserve USD 10 bn capital safety margin -Bloomberg Intelligence
The banking sector is preparing to absorb a 5-15% hit to earnings
Mashreq, SIB post solid earnings in 2025
This came despite interest rate cuts hitting net interest income during the year
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