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Leading Business Intelligence on the Middle East & North Africa

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عربي

Ajman Bank

(AJMANBANK.DFM)

Also known as: AIB, Ajman Islamic Bank

Last Trade

0.83AED

- 2.00%

Open in a new Browser

Updated: Mar 14, 2011

Country

UAE

Ownership Type

Publicly Listed

Company Type

Joint Stock

Sector Definitions

close x

Financial Services

Zawya Industry Classifications (ZIC)

Sector	Industry
Financial Services	Banking Commercial Banking Islamic (Primary Industry) Asset Management Islamic Investment Banking Investment Advisory Services Islamic Investment Firms and Funds Private Equity Firms Islamic Securities Brokers and Traders Islamic

Principal Activities

Provides commercial banking services including deposits, loans and credit cards; asset management services including fund, wealth and portfolio management; investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; private equity investments; brokerage services, all in accordance with Islamic principles.

Date of Establishment Year

2008 (April)

No of Employees

400 Company, N/A Headquarters (As of Mar 10, 2011)

No of ATMs

Branches

UAE (12)

Stock Market Listing

Exchange	Symbol	ID	Stock Type	Currency

Dubai FM	AJBK	AJMANBANK.DFM	Ordinary	AED

Contact Details

Address:

A and F Building
1st Floor
Khalifa Street
P.O. Box 7770
Ajman
United Arab Emirates

Tel:

+971 6-747-9999

Fax:

+971 6-747-9990

Email:

info@ajmanbank.ae

Website:

www.ajmanbank.ae

IPO Details

Listing Date:

22Jun08

Size of Offering:

$152.76M

Equity Offering:

55%

Lead
Managers:

HSBC Bank Middle East

» View Full Details

Major Shareholders

Section Updated: 07Sep11

Name	Type	Country	Holding
Government of Ajman	Government	UAE	25.00%
Investment Holding Company	Corporate	UAE	5.83%
Public		-	69.17%

Foreign Ownership Limits

88%

Nationals

GCC Nationals

Other Arabs

Foreigners

49%

GCC Nationals

49%

Foreigners

Structured Funds and Investments	Geo Coverage	Holding
Real Estate Fund	UAE	-

Representatives

Auditors

PricewaterhouseCoopers UAE

Financial Results	31-Dec-10	31-Dec-11	Yr on Yr
	AED'000	AED'000	change (%)
Total revenues	194,430	625,386	221.65
Net profit	4,034	6,956	72.43
Total assets	3,234,346	3,999,947	23.67
Paid-up capital	1,000,000	1,000,000	0.00
Shareholders' Equity	1,006,942	998,353	(0.85)
Shares outstanding	1,000,000	1,000,000	0.00
Market capitalization	810,000	800,000	(1.23)
» View Full Financials