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Nasdaq Dubai has announced the listing of a USD 500 million Sukuk issued by Ajman Bank, marking the bank's first Sukuk issuance and debut on the international exchange. The five-year Sukuk, maturing in 2030, was met with strong demand, achieving 5.4 times oversubscription from over 100 global investors. This issuance is part of Ajman Bank's USD 1.5 billion Trust Certificate Issuance Programme and highlights the growing interest in Sharia-compliant financial products from UAE institutions. The listing was commemorated by Ajman Bank CEO Mustafa Al Khalfawi and Nasdaq Dubai CEO Hamed Ali. The Sukuk listing contributes to the total value of USD 96.9 billion in Sukuk listed on Nasdaq Dubai, reinforcing its position as a leading Sukuk exchange. Both Ajman Bank and Nasdaq Dubai emphasized the strategic importance of this milestone in supporting the development of Islamic capital markets and enhancing Dubai's role as a global hub for Sukuk listings.

Emirates Investment Bank is announcing the opening of nominations for its Board of Directors from May 21 to May 31, 2025. Shareholders who meet the necessary conditions can apply by submitting an application and introductory profile to the bank's head office in Dubai. One member will be elected to the board. Nominations are open for ten days following the announcement, in compliance with relevant governance regulations. Applicants must meet conditions outlined in applicable laws and the bank's articles of association, and submit required documents, including a police clearance, passport photo, and educational credentials. Candidates cannot transfer their nomination to another person after the nomination period ends. The list of candidates will be published on June 2, 2025, and shared with the Securities and Commodities Authority and the Market.

The Board of Directors of Emirates Investment Bank PJSC invites shareholders to attend a General Meeting on Thursday, June 19, 2025, at 11:30 AM, either in person at the Bank's head office in Dubai or via Zoom. The agenda includes electing a new Board member to fill a vacancy, pending Central Bank approval. Shareholders may delegate attendance through a proxy, with certain restrictions. Legal entities can appoint representatives via board resolutions. Shareholders registered by June 18, 2025, can vote. The meeting requires a quorum of 50% of the Bank's capital, with a second meeting scheduled for June 26, 2025, if necessary. Shareholders can access the Bank's Integrated Report online and review investor rights via the Securities & Commodities Authority's website.

Al Ramz Capital LLC, located in Dubai, UAE, has been appointed as a liquidity provider for ADNOC L&S PLC, a global energy maritime logistics company. Starting May 20, 2025, Al Ramz will independently trade ADNOC L&S shares following regulatory approvals. Al Ramz, a licensed market maker on the Dubai Financial Market and Abu Dhabi Securities Exchange, has over 25 years of experience in UAE capital markets. Known for enhancing liquidity, Al Ramz offers market-making and liquidity services on various exchanges in the UAE. Founded in 1998, Al Ramz is a public joint stock company listed on the Dubai Financial Market, providing services such as asset management, corporate finance, and financial research.

Emirates NBD Bank has received in-principle approval from the Reserve Bank of India to establish a Wholly Owned Subsidiary (WOS) in India. Currently operating in India as a foreign bank with branches in Mumbai, Gurugram, and Chennai, the proposed WOS will enhance Emirates NBD's presence in the country. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, emphasized India's strategic importance and the bank's commitment to the UAE-India partnership. Shayne Nelson, Group CEO, expressed enthusiasm for expanding services and client relationships in India, aligning with Emirates NBD’s international growth strategy.