Ajman Bank PJSC (AJMANBANK)

Dubai – Mubasher: Fitch Ratings asserted Ajman Bank's long-term issuer default rating (IDR) at 'BBB+', with a stable outlook and viability rating (VR) at 'b+', according to a press release. Mustafa Al Khalfawi, Group CEO of Ajman Bank, said: "We …

Dubai – Mubasher: Ajman Bank incurred losses worth AED 390.35 million in 2023, against profits of AED 162.06 million a year earlier. The UAE lender registered basic and diluted losses per share worth AED 0.15 last year, versus earnings per share …

Dubai – Mubasher: Ajman Bank has launched Skyrise Properties, a new fully owned subsidiary focused on real estate asset management, according to a press release. The UAE-headquartered unit is set to foster the property management sector in line …

Dubai – Mubasher: Ajman Bank has teamed up with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through the lender’s digital app. The listed bank will deploy its digital banking platform to offer …

Dubai – Mubasher: Ajman Bank shifted to net losses amounting to AED 87.31 million in the first nine months (9M) of 2023, compared to net profits worth AED 112.61 million in 9M-22. Net operating income climbed by 39% year-on-year (YoY) to AED …

Dubai – Mubasher: Ajman Bank achieved net profits after tax worth AED 102.22 million in the first half (H1) of 2023, an annual leap from AED 74.92 million. Basic and diluted earnings per share (EPS) amounted to AED 0.04, higher year-on-year (YoY) …

DFM - Mubasher: Ajman Bank, a public bank established in 2008, decided on 14 July 2023 to appoint Mustafa Mohammed Saeed Mohammed Alkhalfawi as the new CEO, according to a bourse disclosure. The new official will be in position starting from 1 …

Dubai – Mubasher: The shareholders of Ajman Bank approved to increase the capital by AED 550 million rights issue, according to a bourse disclosure. The DFM-listed lender highlighted that the offer price for new shares will be at a nominal value …

Dubai – Mubasher: Ajman Bank generated AED 49.15 million in net profit during the first quarter (Q1) of 2023, an annual hike from AED 33.92 million. Net operating income amounted to AED 231.57 million in Q1-23, higher than AED 123.96 million as of …

Dubai – Mubasher: The shareholders of Ajman Bank approved the distribution of profits in the form of bonus shares at a rate of 3.50% of the current paid-up capital for 2022. The UAE lender will issue 73.50 million bonus shares in favour of the …

Dubai – Mubasher: Ajman Bank witnessed net profits of AED 162.06 million in 2022, compared to AED 116.16 million in 2021, according to the income statements. The net operating income stood at AED 654.50 million during the January-December 2022 …

Dubai – Mubasher: Ajman Bank posted higher net profits at AED 112.61 million during the first nine months (9M) of 2022, compared to AED 90.13 million in 9M-21. The net operating income shrank to AED 442.65 million during 9M-22, versus AED 476.76 …

Dubai – Mubasher: Mastercard and Ajman Bank announced launching the world-first Touch Card, an accessible payment card that will enable blind and partially sighted people to easily facilitate payments and distinguish between their cards. The new …

Dubai – Mubasher: Ajman Bank registered net profits worth AED 74.92 million during the first half (H1) of 2022, compared to AED 61.88 million in H1-21. Basic and diluted earnings per share (EPS) stood at AED 0.036 in H1-22, up from AED 0.029 in …

Dubai – Mubasher: The net profits of Ajman Bank surged by 117% year-on-year (YoY) to AED 116.16 million in 2021, compared to AED 53.4 million, according to the bank's financials for the period ended 31 December 2021. The bank recorded a net …

Dubai – Mubasher: Ajman Bank has signed an agreement to provide Arada with AED 152 million in financing for the construction of two projects in Aljada mixed-use community, Sharjah’s largest megaproject. The financing comprises the provision of AED …

Dubai – Mubasher: The net profits of Ajman Bank jumped to AED 90.13 million during the first nine months of 2021 from AED 55.858 million in the year-ago period, as shown by the bank’s interim financials for the nine-month period ended 30 September …

Dubai – Mubasher: Ajman Bank has partnered with the Fintech company Kamel Pay to provide innovative payment solutions to businesses and individuals in the UAE. Kamel Pay seeks to enable businesses and individuals to have access to digital …

Dubai – Mubasher: The net profits of Ajman Bank jumped by 44% to AED 61.881 million in the first half (H1) of 2021, compared to AED 42.969 million in the same period of 2020, as per the bank's interim financials for the six-month period ended 30 …

Dubai – Mubasher: Ajman Bank and Commercial Bank of Dubai (CBD) have concluded Pakistan's $350 million Murabaha syndicated financing. Both banks acted as initial mandated lead arrangers and bookrunners on the facility for Pakistan acting through …

Dubai – Mubasher: The net profits of Ajman Bank have hiked to AED 31.331 million during the first quarter (Q1) of 2021, compared to AED 4.609 million in the same period of 2020, according to the bank's interim financial results for the three-month …

Dubai – Mubasher: Ajman Bank recorded net profits of AED 53.4 million in initial results for 2020, down from AED 84.4 million in the earlier year. The bank's revenues declined to AED 1.049 billion in 2020 from AED 1.274 billion in 2019. The …

Dubai - Mubasher: The benchmark index of the Dubai Financial Market (DFM) levelled up by 0.32% or 6.96 points to settle at 2,160.44 points by the end of Thursday's trading session. A total of 129.45 million shares were exchanged through 2,412 …

Dubai – Mubasher: Noor Takaful, a wholly-owned subsidiary of Dar Al Takaful, has entered into a strategic partnership with Ajman Bank to meet the Takaful requirements of the bank's customers. Under the partnership, the bank will have access to a …

Dubai – Mubasher: The financial results of Ajman Bank saw a drop in net profits to AED 42.969 million during the first six months of 2020, compared to AED 87.904 million in the same period of 2019. The bank's net operating income reached AED …