Press releases, Reports & Disclosures for AJMAN BANK PJSC

On June 16, 2023, Badreldin Eltahir Elmogadam, General Counsel & Board of Directors’ Secretary, sent a letter to Hamed Ahmed Ali, the CEO of Dubai Financial Market. The letter was a follow-up to the approval by Ajman Bank PJSC's general assembly on June 13, 2023, for a capital increase through a rights issue. The bank plans to raise up to AED 550,000,000 by issuing up to 550,000,000 new shares. The letter notified the receipt of the bank's board of directors' approval on June 15, 2023, for the draft invitation to shareholders to subscribe for new shares in the rights issue. The actual invitation was attached and was published and announced on June 16, 2023.