Qatar-Mubasher: Qatar Islamic Bank (QIB) has announced its participation in financing Ajman Bank.

The Bank declared in its statement that the joint agreement between QIB and the UAE’s Ajman Bank accounted for $50 million of the total $200 million joint financing.

Meanwhile, Ajman Bank has noted that it would use the money for a three-year investment activity that boosts the Bank’s growth and sustainable profitability.

Photo Credit: Arabianeye-Reuters