Ajman Bank

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Recent Articles

• Ajman Bank posts AED22.1m loss for H15 August 2009

  Bank describes losses as ‘within management expectations’; says well-postioned to expand activities.

• Ajman Bank sees break even by Q4 or earlier - CEO3 August 2009

  Lender, which began operations at start of 2009, aims to open 10 branches in 2010.

• Four senior Ajman Bank officials quit roles25 June 2009

  Resignations will be effective from June 30; bank gives no reason for departures.

• Crisis looms for Islamic banks amid property downturn14 April 2009

  Islamic banker warns of 'real threat' to industry if liquidity does not return by Q3.

• Al Ghurair Group seals loan facility8 April 2009

  Syndicated loan facility to be used to fund further expansion of Dubai’s mixed use Al Ghurair City.

• UAE's Ajman Bank to focus on local market28 October 2008

  Recently-listed Islamic lender says foreign growth may be delayed due to global crisis. 

• Ajman bank to focus on UAE market22 June 2008

  Islamic lender, whose shares surged 5-fold on debut, to target domestic market in coming 5 years - CEO.

• Ajman Bank to list June 22 12 June 2008

  Islamic lender says will list shares on the DFM, after raising $149.8mn in February initial public offering.

• Abu Dhabi Islamic profit up as payouts fall27 April 2008

  Sharia lender posts second largest profit ever as Q1 income rises 47% to $66.5mn.

• Ajman to raise $149mn in IPO to create Islamic lender11 February 2008

  Ajman Bank plans to open first branch in emirate, before moving into other UAE emirates.

• Ajman Bank to detail IPO plays Monday7 February 2008

  Islamic lender aims to become UAE's seventh largest sharia-compliant lender with initial public offering.

• UAE firms queuing up to launch IPOs27 January 2008

  Seven companies plan to sell shares in initial public offerings before July to raise $973mn, media reports.