Press releases, Reports & Disclosures for AJMAN BANK PJSC

Ajman Bank PJSC is increasing its share capital via a rights issue, granting existing shareholders as of 14 July 2023, the right to subscribe for newly issued shares. For every 3.952 shares owned, one right is issued, which allows the holder to subscribe to one new share at a price of 1.00 Dirham per new share. These rights can also be sold to other investors during the bank's trading period. The rights issue aims to raise funds to strengthen the bank's capital base and meet capital adequacy requirements. The bank plans to raise up to 550 million Dirhams, increasing its share capital to up to 2.723 billion Dirhams.