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Ajman Bank to pay 3.5% of capital as bonus for 2022

Ajman Bank to pay 3.5% of capital as bonus for 2022
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Ajman Bank
AJMANBANK
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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 eligible shareholders, according to a press release.

Chaired by Sheikh Rashid bin Humaid Al Nuaimi, who is the Vice Chairman of Ajman Bank, the general assembly was held on 19 April and approved the board’s report in addition to the report of the external auditor on the bank's activities and financial position for 2022.

In 2022, Ajman Bank recorded higher net profits worth AED 162.06 million, while the net operating income reached AED 654.50 million.

It is worth noting that the UAE financial entity launched the world’s first Touch Card last year, providing an accessible payment card to enable blind and partially sighted people to easily facilitate payments and distinguish between their cards.