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ONE App, powered by Al Salam Bank, has launched a new feature called the "Digital Marketplace," which offers users instant access to a wide range of digital vouchers and gift cards from various local and international merchants at competitive prices. This feature aims to provide a flexible and secure shopping experience, allowing users to easily browse, select, and purchase vouchers or gift cards, which are activated immediately upon purchase. The marketplace includes options such as retail stores, delivery apps, digital subscriptions, and telecom services, offering users diverse choices. Haitham Al-Haddad, General Manager of ONE App, highlighted the app's commitment to delivering innovative digital solutions and enhancing user experience. The Digital Marketplace is part of ONE App's broader mission to offer smart financial solutions that promote financial independence and help users manage their finances more effectively.
GFH Financial Group B.S.C. announced that it has purchased 950,000 of its own shares, also known as treasury shares. This acquisition increases the total number of treasury shares from 195,826,941, which represented 5.11% of the total issued shares, to 196,776,941, now representing 5.13% of the total issued shares, as of April 18, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2024, and received regulatory approval on February 16, 2025. The purchase was completed on April 18, 2025, at an average price of 0.2892 USD per share, accounting for 0.025% of the issued capital. There are 186,482,442 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Ajman Bank reported a profit before tax of AED 145 million for the first quarter of 2025, marking a 24% growth. The bank's net operating income increased by 2% to AED 199 million, supported by strong recoveries, cost rationalization, and enhanced efficiencies through digitization and automation. The bank's total assets rose to AED 25 billion, customer deposits increased to AED 21 billion, and total shareholder equity reached AED 3.1 billion. The capital adequacy ratio was 18.2%, with Tier 1 capital at 17.0%. Return on shareholder equity was 17.4%, and return on assets was 2.3%. The non-performing loan ratio improved to 9.7%. The board meeting, chaired by His Highness Sheikh Ammar bin Humaid Al Nuaimi, discussed various financial and administrative matters. Sheikh Ammar attributed the bank's strong performance to strategic initiatives and the resilience of the national economy.
Ajman Bank PJSC has released a review report and condensed consolidated interim financial information for the three-month period ending on March 31, 2025.