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

A notification has been issued to inform that the ownership percentage of H.H Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, in Ajman Bank has increased from 12.3108% to 14.1466%.

Disclosure: Notification from the company

16 days ago

Ajman Bank reported its highest-ever profit before tax for the first nine months of 2024, totaling AED 313 million, marking a 458% increase from the previous year. This improvement follows a previous net loss of AED 87 million for the same period in 2023. The bank's strong performance is attributed to a 9% rise in total operating income to AED 1.2 billion. Key financial metrics such as Return on Shareholder Equity and Return on Assets also showed significant improvements. The bank's robust results are supported by a healthy balance sheet, with total assets of AED 24.4 billion, customer deposits of AED 20.3 billion, and equity of AED 3.0 billion. The board meeting, chaired by His Highness Sheikh Ammar bin Humaid Al Nuaimi, discussed various financial and administrative matters.

Disclosure: Press release

2 months ago

The document is a communication addressed to the Securities & Commodities Authority, summarizing the results of a Board of Directors meeting for the Dubai Financial Market held on October 21, 2024. Chaired by H.H. Sheikh Ammar bin Humaid Al Nuaimi, the meeting covered the approval of the minutes from the previous meeting, discussion and approval of the bank's financial statements for the third quarter of 2024, and follow-up on the bank's routine activities, including issuing resolutions. The document is signed by Badreldin Eltahir Elmogadam, General Counsel & Board of Directors’ Secretary.

Disclosure: Results of BOD Meeting

2 months ago

The document is a 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 that the ownership percentage of H.H Sheikh Humaid bin Rashid Al Nuaimi, the Ruler of Ajman, in the capital of Ajman Bank has increased from 10.4749% to 12.3108%.

Disclosure: Notification from the company

2 months ago

A notification has been issued regarding the upcoming Ajman Bank Board of Directors meeting, scheduled for Monday, October 21, 2024, at 10:00 AM. The meeting will cover topics such as the approval of the minutes from the previous meeting, discussion and approval of the financial statements for the third quarter of 2024, and a follow-up on the bank's routine activities. The notification is signed by Badreldin Eltahir Elmogadam, General Counsel and Board of Directors’ Secretary.

Disclosure: BOD meeting

2 months ago

Ajman Bank PJSC has released its review report and condensed consolidated interim financial information for the six-month period ending June 30, 2024.

Disclosure: Financial statements for the 2n QTR of 2024

5 months ago

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.

Disclosure: Press Release

7 months ago

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.

Disclosure: Financial statements for the 1st QTR of 2024

7 months ago

Threads

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DFM News

News Update From AJMAN BANK PJSC a year ago

Disclosure: Press Release

1. Attached Document

DFM News

News Update From AJMAN BANK PJSC a year ago

Disclosure: Results of BOD meeting

1. Attached Document

DFM News

News Update From AJMAN BANK PJSC a year ago

Disclosure: BOD meeting

1. Attached Document

DFM News

News Update From AJMAN BANK PJSC a year ago

Disclosure: Press release regarding financial results for the 3rd QTR of 2023

Ajman Bank reported a net operating income of 615 million dirhams ($167 million) for Q3 2023, a 39% increase from the same period the previous year. Total assets also grew by 23% to 25.2 billion dirhams. Despite these positive results, the bank recorded a net loss of 87.3 million dirhams, compared to a net profit of 112.6 million dirhams in Q3 2022, due to significant provisioning. However, CEO Mustafa Mohammed Saeed Al Khalfawi stated that this would position the bank for sustained growth and long-term success. He also highlighted the bank's commitment to cost rationalization, digital transformation, and expanding its consumer and wholesale banking sectors. The bank is majority-owned by the Government of Ajman.

1. Attached Document

DFM News

News Update From AJMAN BANK PJSC a year ago

Disclosure: Financial statements for the 3rd QTR of 2023

The document contains condensed interim financial information for Ajman Bank PJSC for the nine-month period ending on 30th September 2023.

1. Attached Document

DFM News

News Update From AJMAN BANK PJSC a year ago

Disclosure: Result of BOD meeting

1. Attached Document

DFM News

News Update From AJMAN BANK PJSC a year ago

Disclosure: BOD Meeting

1. Attached Document

FinanceMan

10 months ago

FinanceMan

10 months ago

FinanceMan

10 months ago

FinanceMan

10 months ago

Hej

FinanceMan

Commented on AJMAN BANK PJSCs a year ago

Looking for the same bump in yield that we saw Q2!

FinanceMan

a year ago

Still waiting!

FinanceMan

Commented on AJMAN BANK PJSCs a year ago

Sorry it is going better now

FinanceMan

Commented on AJMAN BANK PJSCs a year ago

So bad stock

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