Sunday, February 16, 2025
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Ajman Bank Reports Record Profits of Dhs440 Million, a 213% Increase

The Ajman Bank Board of Directors meeting was chaired by Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of the Ajman Executive Council, and Chairman of the Ajman Bank Board of Directors.

Sheikh Rashid Bin Humaid Al Nuaimi, the Vice Chairman of the Ajman Bank Board of Directors and the Chairman of the Municipality and Planning Department in Ajman, attended the meeting. The board assessed the business, discussed several administrative and financial issues, and made decisions during the meeting at the bank’s headquarters.

In contrast to its 2023 net loss of Dhs390 million, Ajman Bank’s highest year Profit before Tax” of Dhs440 million is a 213% increase in the bank’s history. This record-breaking accomplishment results from dhs1.5 billion in total operating income and Dhs736 million in net operating income.

In 2024, Ajman Bank reported Return on Asset at 1.8% (up 332 basis points) and Return on Shareholder Equity at 12.9% (up 2745 basis points). Subject to shareholder approval at the next General Assembly meetings, the Bank’s board of directors suggested a 7.25 percent dividend distribution as part of its commitment to sustainable dividend payments.

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Sunday, February 16, 2025

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