AJMAN BANK PJSC

Ajman Bank's Board of Directors invites shareholders to the Annual General Meeting on February 27, 2025, at Ajman Saray Hotel, with options to attend in person or electronically. The agenda includes reviewing and approving reports from the Board, external auditors, and the Internal Shari’ah Supervisory Committee for the financial year ending December 31, 2024. Shareholders will discuss and approve the bank’s financial statements, a proposed cash dividend of 7.25% of the capital, and the remuneration for the Board of Directors. Other items include discharging the Board and auditors from liability, appointing committee members and auditors for 2025, and approving a USD 1.5 billion Sukuk Issuance Programme. Shareholders can participate remotely by registering in advance, and proxies are allowed under certain conditions. If the meeting lacks a quorum, a second meeting is scheduled for March 6, 2025. Shareholders registered by specific dates are eligible to vote and receive dividends. Financial documents are accessible via the Dubai Financial Market and Ajman Bank websites.

Ajman Bank PJSC has prepared its report and consolidated financial statements for the year ending on December 31, 2024. These audited financial statements are pending approval by the Central Bank of the UAE and adoption by shareholders at the Annual General Meeting.

Ajman Bank has reported its highest annual profits in its history, achieving AED 440 million, representing a growth of 213% compared to a net loss of AED 390 million in 2023. The bank's record-breaking performance includes a total operating income of AED 1.5 billion and net operating income of AED 736 million. The bank's return on shareholder equity reached 12.9%, and return on assets was 1.8%. Ajman Bank's strong financial results are backed by a healthy balance sheet, with total assets of AED 23 billion, customer deposits of AED 19 billion, and equity of AED 3.1 billion. Key financial ratios have improved significantly, including a reduction in the non-performing loan ratio from 13.8% to 9.9%, and the ECL coverage ratio has doubled. The bank has proposed a cash dividend of 7.25%.

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.