Press releases, Reports & Disclosures for AJMAN BANK PJSC

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Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: BOD meeting

1. Attached Document

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

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Resolutions of General Assembly

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Integrated report for the year 2023

The text refers to Ajman Bank's Annual Integrated Report for the year 2023, which is inspired by Sharia'a values.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Invitation of General Assembly

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.

1. Attached Document 2. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From AJMAN BANK PJSC

Disclosure: Opens the nominations for BOD membership

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.

1. Attached Document

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