AJMAN BANK PJSC

Ticker/ISIN
AJMANBANK
AEA003201018
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
1.82 AED
2024-07-12

Year to date

-0.13 %

3 months

0.01 %

6 months

-0.14 %

1 year

-0.10 %

3 years

0.00 %

5 years

0.00 %

Ajman Bank PJSC (“the Bank”) is incorporated as a Public Joint Stock Company. The Bank was legally incorporated on 14 May 2008. The Bank was registered with the Securities and Commodities Authority (“SCA”) on 12 June 2008 and obtained a license from the Central Bank of UAE to operate as a Head Office on 14 June 2008. On 23 Jun 2008, the Bank obtained a branch banking license from UAE Central Bank.

The principal activities of the Bank are undertaking banking, financing and investing activities through various Islamic financing and investment products such as Murabaha, Wakala, Sukuk, Mudaraba and Ijarah. The activities of the Bank are conducted in accordance with the Islamic Sharia’a principles and within the provisions of its Memorandum and Articles of Association.

Latest Pressrelease Summaries

AJMAN BANK PJSC
Ajman Bank PJSC has released its review report and condensed consolidated interim financial information for the six-month period ending June 30, 2024.
AJMAN BANK PJSC
Ajman Bank has reported a record quarterly profit of AED 107.4 million in Q1 2024, a 139% increase from the previous year. The bank's total operating income has also risen by 7% to AED 400.3 million. The bank's Return on Equity and Return on Asset have both doubled compared to Q1 2023. The bank's CEO, Mustafa Al Khalfawi, attributes these strong results to the bank's transformation strategy, stringent cost containment, operational efficiencies, and a rigorous approach to risk management. The bank's balance sheet remains healthy with total assets of AED 23.1 billion and equity of AED 2.8 billion. The bank's capital adequacy ratio and Tier 1 capital adequacy are both above regulatory requirements.
AJMAN BANK PJSC
The document is a review report and condensed consolidated interim financial information of Ajman Bank PJSC for the three-month period ending on 31 March 2024. It provides a financial overview of the bank's performance during this period. The report is likely to include financial statements, analysis, and other relevant financial data. This information is meant for individuals interested in finance and investing, particularly those who follow Ajman Bank PJSC's performance.
AJMAN BANK PJSC
The text refers to Ajman Bank's Annual Integrated Report for the year 2023, which is inspired by Sharia'a values.
AJMAN BANK PJSC
The Board of Directors of Ajman Bank is inviting shareholders to attend the Annual General Meeting on 17th April 2024, at 10:00 AM. The meeting will be held at the Bank's HQ in Ajman, and shareholders can attend in person or participate remotely. The agenda includes reviewing and approving the Board's report, auditor's report, internal Sharia board's report, balance sheet, and profit and loss account for the fiscal year ending on 31st December 2023. Other items include the proposal not to distribute dividends, discharging Board members and external auditors, appointing new members of the internal Sharia board and external auditors, and electing new Board members. Shareholders can register their attendance electronically and are allowed to delegate a representative to attend. The meeting will be postponed to 24th April 2024 if a quorum of 50% is not reached.
AJMAN BANK PJSC
Ajman Bank has announced the opening of nominations for its Board of Directors membership. The nomination period will run from March 15 to 25, 2024. Eligible shareholders can apply for the board positions, with the application to include an introduction of the applicant and the type of membership they are seeking. The board will be composed of seven members. The nominations will be open for 10 days as per the requirements of Article (9) of the Chairman of the Authority’s Board of Directors’ Decision No. (3/Chairman) of 2020. Applicants must meet specific conditions including having relevant experience, a clean criminal record, and no legal issues related to honesty and integrity. The application must be accompanied by certain documents including a CV and a statement of compliance with the Companies Law. The final list of candidates will be published on the company's website on April 15, 2024. The applications will be reviewed and approved by the Department of Economic Development in Ajman and the Central Bank.
AJMAN BANK PJSC
Ajman Bank's FY2023 results indicate a strong financial performance with gross operating income reaching AED 1,560 million, a 66% increase from AED 942 million in 2022. The bank also saw an 18.12% increase in assets, reaching AED 24.9 billion, and an 8.29% growth in Islamic financing assets, totaling AED 13.8 billion. Customer deposits grew by 20.8% to AED 19.7 billion. However, a one-off provision made in the fourth quarter resulted in a net loss of AED 390 million for the year, compared to a net profit of AED 162 million in 2022. Ajman Bank's CEO, Mr. Al Khalfawi, views this as a strategic move to strengthen the bank's foundation and improve its asset quality.
AJMAN BANK PJSC
The independent auditor's report and financial statements for Ajman Bank PJSC for the year ending 31 December 2023 are pending approval from the Central Bank of UAE and adoption by shareholders at the Annual General Meeting.

Threads

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Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Financial statements for the 2n QTR of 2024

Ajman Bank PJSC has released its review report and condensed consolidated interim financial information for the six-month period ending June 30, 2024.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: BOD meeting

1. Attached Document

ConsumerPrincess

ConsumerPrincess

Commented on AkSharesKumars Transaction regarding AJMAN BANK PJSC

Interesting move with AJMAN BANK PJSC at 2.09 AED. Given your portfolio's focus on Industrials and Financials, this addition could balance risk and reward. Watching closely for performance updates!
QueenOfCommunication

QueenOfCommunication

Commented on FinanceBroAEDs Transaction regarding AJMAN BANK PJSC

Nice move picking up AJMAN BANK PJSC! Diversifying into financials can be a solid strategy. Hope this boosts your portfolio's 1-month yield. Keep up the good work! 🚀📈
Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Notification from the Company

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Press Release

Ajman Bank has reported a record quarterly profit of AED 107.4 million in Q1 2024, a 139% increase from the previous year. The bank's total operating income has also risen by 7% to AED 400.3 million. The bank's Return on Equity and Return on Asset have both doubled compared to Q1 2023. The bank's CEO, Mustafa Al Khalfawi, attributes these strong results to the bank's transformation strategy, stringent cost containment, operational efficiencies, and a rigorous approach to risk management. The bank's balance sheet remains healthy with total assets of AED 23.1 billion and equity of AED 2.8 billion. The bank's capital adequacy ratio and Tier 1 capital adequacy are both above regulatory requirements.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Financial statements for the 1st QTR of 2024

The document is a review report and condensed consolidated interim financial information of Ajman Bank PJSC for the three-month period ending on 31 March 2024. It provides a financial overview of the bank's performance during this period. The report is likely to include financial statements, analysis, and other relevant financial data. This information is meant for individuals interested in finance and investing, particularly those who follow Ajman Bank PJSC's performance.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: BOD Meeting

1. Attached Document

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