Ajman Bank approves 50% of net profit as cash dividend at AGM

Ajman Bank's General Assembly, during its Annual General Meeting (AGM) chaired by Sheikh Rashid Bin Humaid Bin Rashid Al Noaimi, Vice Chairman of the Bank's Board of Directors, approved the distribution of cash dividends to shareholders amounting to 5O per cent of the net profit for the financial year ended 31st December 2095, equivalent to 9.18 per cent of the Bank’s paid-up capital.

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The dividend approval follows a record financial year for the bank, during which net profit before tax reached Dhs548 million, reflecting a 25 per cent year-on-year increase, while net profit after tax rose to Dhs500 million.

Total assets increased by 44% to Dhs32.9 billion, underscoring the strength of the Bank’s financial position and sustained performance momentum.

The General Assembly meeting highlighted Ajman Bank's continued progress in executing its strategic priorities, achieving disciplined balance sheet growth, and strengthening its capital base, supporting its ability to deliver sustainable shareholder returns while maintaining a prudent risk management framework.