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%.

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.

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.

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%.

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.

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

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.

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.