Ajman Bank PJSC, a leading Islamic financial institution in the UAE, has announced key outcomes from its recent Board of Directors meeting held on January 28, 2026. The meeting, pivotal for the bank's strategic direction, covered significant financial and operational decisions that are poised to impact shareholders and the market positively.

One of the primary outcomes from the meeting is the proposal for a cash dividend distribution of 9.18 fils per share. This proposal, subject to approval at the upcoming General Assembly meeting scheduled for March 3, 2026, reflects the bank's strong financial performance and commitment to returning value to its shareholders.

Moreover, the board has approved the update of the bank's USD 1.5 billion Sukuk Issuance Program. This update signifies Ajman Bank's ongoing efforts to strengthen its capital base and support its growth strategy. The Sukuk program, previously endorsed by the General Assembly in February 2025, is crucial for maintaining the bank's competitive edge in the Islamic finance sector.

In addition, the board has given the green light for the issuance of additional tier 1 Sukuk, with a total face value not exceeding USD 300 million. This strategic move aims to bolster the bank's regulatory capital, ensuring it meets stringent financial regulations while enhancing its capacity to undertake larger projects and investments.

The bank's focus on routine operations and resolutions further underscores its commitment to maintaining operational excellence and financial stability. These strategic initiatives, coupled with the proposed dividend, highlight Ajman Bank's robust financial health and its proactive approach to navigating the dynamic banking landscape.

For investors, these developments present a promising outlook. The proposed dividend and the strategic expansion of the Sukuk program suggest a stable and growth-oriented future for Ajman Bank. Consequently, considering the bank's solid performance and strategic initiatives, the recommendation is to buy the stock, as it offers potential for both income and capital appreciation.