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On 23 July 2026, a meeting of the Board of Directors of Takaful Emarat Insurance PSC was held. The meeting, which took place at 3:00 pm, resulted in several resolutions: approval of the agenda, review and approval of the minutes from the previous meeting, election of the Chairman of the Board, reformation of the Board Committees with the appointment of chairpersons and members, approval of the terms of reference for the Board Committees, and discussion of any other business matters. The communication was signed by Adnan Sabaalaish, the Chief Executive Officer of Takaful Emarat Insurance PSC.
Ajman Bank PJSC has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2026.
Ajman Bank reported strong financial performance for the first half of 2026, with a profit before tax of AED 263 million and revenue of AED 880 million, marking a 17% year-on-year increase. The bank's total assets rose to AED 33.9 billion, up by 3% year-to-date, and profit after tax reached AED 246 million, a 1% increase year-on-year. Asset quality improved with a non-performing financing ratio of 5.3%. H.H. Sheikh Ammar bin Humaid Al Nuaimi chaired the board meeting and highlighted the bank's progress, resilience, and commitment to supporting the UAE's economy, emphasizing its strategy and sustainable growth.
The document is a communication from Badreldin Eltahir Elmogadam, the General Counsel and Board of Directors’ Secretary, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. It summarizes the outcomes of the Board of Directors Meeting #3/2026 held on July 23, 2026. The key points include the approval of the minutes from the previous meeting, discussion and approval of the financial statements for the second quarter of 2026, and follow-up on the bank's routine activities with the issuance of related resolutions.
Al Salam Bank and Diyar Al Muharraq have formed a strategic partnership to offer financing solutions for the Al Nuzha residential project in Bahrain. This collaboration aims to facilitate home ownership by providing integrated financing options for purchasing residential plots in Al Nuzha, a new development in Diyar Al Muharraq. The partnership offers clients competitive profit rates, a seamless financing process, a six-month grace period option, and eligibility for additional benefits, enhancing convenience and flexibility for future homeowners. Executives from both organizations emphasized the partnership's role in supporting long-term housing aspirations and contributing to Bahrain's urban development and real estate sector growth.