AJMAN BANK PJSC

Ticker/ISIN

AJMANBANK

AEA003201018

Market/Country

Dubai Financial Market

United Arab Emirates

About AJMAN BANK PJSC

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 from AJMAN BANK PJSC

Ajman Bank PJSC has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2025.

Disclosure: Financial statements for the 2nd QTR of 2025

a month ago

Ajman Bank reported a profit before tax of AED 266 million for the first half of 2025, marking a 14% growth compared to the same period in 2024. This increase was attributed to a focus on core business performance, increased financing activity, and improved operational efficiency. The bank's total operating income reached AED 751 million, with net operating income at AED 399 million. Total assets grew by 17% to AED 26.6 billion, supported by a 16% rise in the financing portfolio to AED 17.8 billion. Customer deposits increased by 11% to AED 20 billion, and shareholders’ equity rose by 4% to AED 3.2 billion. The bank maintained strong capital and liquidity metrics, with a Capital Adequacy Ratio of 17.3% and a Tier 1 Capital Ratio of 16.1%. Return on Equity improved to 15.6%, and Return on Assets increased to 1.9%. Ajman Bank also enhanced its liquidity position with an Eligible Liquid Assets Ratio of 18% and a Loans-to-Stable Resources Ratio of 74%. The CEO, Mustafa Al Khalfawi, highlighted the strength of the bank’s funding base and operational model, as well as the successful launch of new financial solutions and a global Sukuk issuance.

Disclosure: Press release

a month ago

The document is a communication addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, detailing the outcomes of the Board of Directors Meeting (#3) for the year 2025. This meeting, chaired by H.H. Sheikh Ammar bin Humaid Al Nuaimi, took place on July 22, 2025. The key points discussed include the approval of the minutes from the previous meeting, the discussion and approval of the bank's financial statements for the second quarter of 2025, and the follow-up on the bank's routine activities with resolutions issued accordingly. The communication is signed by Badreldin Eltahir Elmogadam, the General Counsel and Board of Directors’ Secretary.

Disclosure: Results of BOD Meeting

a month ago

A notification was sent to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, informing him of a scheduled meeting of the Ajman Bank Board of Directors. The meeting is set for Tuesday, July 22, 2025, at 10:00 AM. The agenda includes ratifying the minutes of the previous board meeting, discussing and approving the financial statements for the second quarter of 2025, and following up on the bank's routine activities. The notification was signed by Badreldin Eltahir Elmogadam, the General Counsel and Board of Directors’ Secretary.

Disclosure: BOD meeting

a month ago

The document is a formal notification addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, from Badreldin Eltahir Elmogadam, the General Counsel and Board of Directors' Secretary. It informs the recipient that the Ajman Government's ownership percentage in Ajman Bank has increased from 28.4347% to 31.1477%.

Disclosure: Notification from the company

a month ago

Ajman Bank reported a profit before tax of AED 145 million for the first quarter of 2025, marking a 24% growth. The bank's net operating income increased by 2% to AED 199 million, supported by strong recoveries, cost rationalization, and enhanced efficiencies through digitization and automation. The bank's total assets rose to AED 25 billion, customer deposits increased to AED 21 billion, and total shareholder equity reached AED 3.1 billion. The capital adequacy ratio was 18.2%, with Tier 1 capital at 17.0%. Return on shareholder equity was 17.4%, and return on assets was 2.3%. The non-performing loan ratio improved to 9.7%. The board meeting, chaired by His Highness Sheikh Ammar bin Humaid Al Nuaimi, discussed various financial and administrative matters. Sheikh Ammar attributed the bank's strong performance to strategic initiatives and the resilience of the national economy.

Disclosure: Press release

4 months ago

Ajman Bank PJSC has released a review report and condensed consolidated interim financial information for the three-month period ending on March 31, 2025.

Disclosure: Financial statements for the 1st QTR of 2025

4 months ago

The Annual General Assembly meeting of Ajman Bank was held on February 27, 2025, both in person and electronically. The meeting resulted in several resolutions: approval of the Board of Directors' report, the external auditor's report, the Internal Shari’ah Supervisory Committee's report, and the bank's financial statements for the year ending December 31, 2024. Additionally, the assembly approved a cash dividend distribution of 7.25% of the capital, remuneration for the Board of Directors, and the discharge of liability for both the Board and external auditors for the financial year 2024. Deloitte was appointed as the external auditor for 2025. A special resolution was passed to establish a USD 1.5 billion Sukuk Issuance Programme, to be completed within a year, with specific conditions regarding the issuance of sukuk.

Disclosure: Resolutions of General Assembly

6 months ago

Threads

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ConsumerPrincess

Commented on AkSharesKumars Transaction regarding AJMAN BANK PJSC a year ago

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

Commented on FinanceBroAEDs Transaction regarding AJMAN BANK PJSC a year ago

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

News Update From AJMAN BANK PJSC a year ago

Disclosure: Notification from the Company

1. Attached Document

Dubai Financial Market News

News Update From AJMAN BANK PJSC a year ago

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

News Update From AJMAN BANK PJSC a year ago

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

News Update From AJMAN BANK PJSC a year ago

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

News Update From AJMAN BANK PJSC a year ago

Disclosure: BOD Meeting

1. Attached Document

Dubai Financial Market News

News Update From AJMAN BANK PJSC a year ago

Disclosure: Resolutions of General Assembly

1. Attached Document

Dubai Financial Market News

News Update From AJMAN BANK PJSC a year ago

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

News Update From AJMAN BANK PJSC a year ago

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

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