His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of the Board of Directors of Invest Bank, relaunched Invest Bank’s new corporate identity at Wisdom House in Sharjah.
The relaunch comes amidst Invest Bank’s positive financials across FY25. Ownership changes have significantly helped the bank, following the majority acquisition by the Sharjah government in 2019.
The Bank’s recovery is being led by the leadership under the bank’s new CEO (2024-): Edris Mohammad Al Rafi.
Return to Profitability
His Highness highlighted three major milestones that reflect the bank’s transformation.
Invest Bank returned to profitability after seven years of losses, achieving a net profit of AED 161M and a net operating income of AED 435M (FY25), representing an annual growth rate of 105%. This remarkable recovery follows net losses of AED 189.29M in FY24.
Total assets rose to AED 14.2B, net loans and advances increased by 51% to AED 7.2B, and customer deposits grew by 30% to AED 11.3B.
Capital adequacy ratio reached 20.2%, demonstrating both strong financial health and prudent operational management.
Re-Listing on ADX
The second milestone includes Invest Bank’s return to trading on the Abu Dhabi Securities Exchange from 24 February.
The move signals the bank’s readiness for sustainable growth and its commitment to transparency and accountability.
Launch of a New Corporate Identity
Invest Bank’s new identity, reflects Sharjah’s embrace of Arabic art and eagerness to diversify, in similar fashion to it’s southern neighbour, Dubai.
His Highness underlined Sharjah’s broader economic progress to achieve this, citing the AED 145.2B GDP and 6.5% growth rate, driven primarily by non-oil industries and a surge in foreign direct investments.
He praised the expansion of the business services, logistics, civil aviation, trade, tourism, and SME sectors, which collectively reinforce Sharjah’s position as a dynamic economic hub.
Technology and Customer-Centric Banking
Al Rafi emphasised that innovation, technology, and shareholder support are central to the bank’s mission to transform challenges into growth opportunities.
Strong Financial Foundations
Invest Bank’s liquidity remains robust, with a qualifying liquid assets ratio of 21.1%, well above the regulatory requirement, and a capital adequacy ratio of 20.2%.
The bank successfully improved its collection strategies, recovering AED 91M compared to AED 120M in the previous year, demonstrating careful risk management and commitment to long-term value creation.
The bank continues to focus on providing faster, simpler, and more cost-effective services, leveraging flexible technology platforms and supporting fintech initiatives to meet the evolving needs of UAE customers.
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