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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.
Ajman Bank PJSC has released a review report and condensed consolidated interim financial information for the three-month period ending on March 31, 2025.
On April 17, 2025, Agility Public Warehousing Company announced the results of a Board of Directors meeting. The board discussed a proposal for capital reduction and reviewed nominations for board membership. Two key resolutions were made: first, the board requested management to conduct a detailed study to determine the optimal capital level to maximize shareholder value, postponing a decision on this matter; second, they approved extending the nomination period for board membership by an additional week, ending on April 24, 2025, to increase the number of candidates and enhance the company's leadership.
Takaful Emarat Insurance (P.S.C), a public shareholding company based in Dubai, UAE, issued a clarification on April 17, 2025, regarding a statement by the Insurance Authority in Saudi Arabia. The company emphasized that it has no legal or commercial relationship with "Takaful Emarat Insurance Services," a Saudi company that was suspended from practicing insurance brokerage activities. Takaful Emarat Insurance (P.S.C) clarified that it is a national insurance company licensed by the Central Bank of the UAE, operating under UAE federal law and regulations. This statement aims to prevent confusion due to the similarity in names and to maintain transparency for clients and business partners. For further inquiries, contact investor.relations@takafulemarat.com. The clarification was signed by Adnan Sabaalaish, Acting CEO.