Ajman Bank PJSC has announced its Annual General Meeting (AGM), scheduled for March 3, 2026, at the Ajman Saray Hotel. Shareholders can attend in person or remotely, reflecting the bank's commitment to accessibility and transparency. The AGM agenda is packed with critical items, including financial reports, dividend proposals, and strategic future plans.

The Board of Directors will present their report on the bank's activities and financial position for the fiscal year ending December 31, 2025. This will be followed by the external auditor's report and the Internal Shari’ah Supervisory Committee's report, all of which require shareholder approval. These reports are vital as they provide an overview of the bank's adherence to Islamic Sharia’a principles and its financial health.

A key highlight of the AGM will be the discussion of the bank's balance sheet and profit and loss account. The Board proposes a cash dividend distribution of 9.18% of the capital, equating to AED 250,019,000. This proposal underscores the bank's robust financial performance and commitment to rewarding its shareholders.

In addition to financial reports and dividend discussions, the AGM will address the remuneration for the Board of Directors and the approval of their remuneration policy. The discharge of liabilities for both the Board and external auditors for the financial year 2025 will also be considered, reflecting the bank's transparency and accountability.

Strategically, the AGM will focus on the approval of updates to the bank's USD 1.5 billion Sukuk Issuance Programme. This initiative is crucial for Ajman Bank as it aims to strengthen its capital base and expand its reach in international markets. The Programme allows for the issuance of Sukuk that are not convertible into shares and have a fixed tenor, with a maximum aggregate face value of USD 1.5 billion. This strategic move is complemented by the approval of additional tier 1 Sukuk issuance for regulatory capital purposes, not exceeding USD 300 million.

The strategic Sukuk issuances indicate Ajman Bank's intention to bolster its capital structure and enhance its financial flexibility. These initiatives are pivotal for maintaining competitiveness and supporting long-term growth.

Given the bank's sound financial performance, dividend distribution, and strategic initiatives, the outlook for Ajman Bank appears stable. However, potential investors should consider the overall market conditions and the bank's strategic execution before making investment decisions. For current shareholders, holding the stock may be advisable as the bank continues to implement its growth strategies.