Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bank of Sharjah Rises to Highest Level Since 2010 Amid Buyback

Dec. 28 (Bloomberg) -- Bank of Sharjah climbed to the highest level in more than a year as the United Arab Emirates’ lender buys back shares.

The stock jumped 4.2 percent to 1.99 dirhams, the highest level since March 2010, at 10:44 a.m. in Abu Dhabi. The benchmark ADX General Index climbed 0.2 percent.

The bank bought back 3.68 million shares yesterday and has regulatory approval to purchase a further 96 million shares, it said in a statement to the Abu Dhabi bourse today. Bank of Sharjah advanced 3.8 percent yesterday.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.