Ajman Bank PJSC has delivered an impressive financial performance for the first half of 2026, underscoring its strategic resilience and growth. The bank reported a net profit before tax of AED 263 million and a net profit after tax of AED 246 million, marking a 1% year-on-year increase. Total revenue reached AED 880 million, a 17% increase compared to the previous year, reflecting the bank's successful efforts in diversifying its income streams.

The bank's total assets climbed to AED 33.9 billion, a 3% year-to-date increase, while its asset quality improved significantly with a non-performing financing (NPF) ratio dropping to 5.3%. This improvement highlights Ajman Bank's effective risk management strategies and robust financial health.

Under the leadership of H.H. Sheikh Ammar bin Humaid Al Nuaimi, the bank has demonstrated its commitment to sustainable growth and its role in supporting the UAE's evolving economy. The Crown Prince of Ajman emphasized the institution's strategic focus on disciplined execution and creating lasting value for its stakeholders.

Ajman Bank's performance was bolstered by growth in its core financing, treasury, and fee-generating businesses. Non-funded income accounted for 25% of net revenue, amounting to AED 111 million, indicating the bank's ongoing efforts to expand its revenue base beyond traditional financing income.

Given the bank's strong financial performance, strategic growth initiatives, and improved asset quality, it presents a promising investment opportunity. Therefore, the recommendation is to buy the instrument, as Ajman Bank is well-positioned to continue its upward trajectory, providing value to its investors.