Welcome to our investor relations website and thank you for your interest in Ajman Bank. Our investor relations team aims to provide corporate information to all our stakeholders in an open, accurate and timely manner.
Incorporated in 2008, Ajman-based Ajman Bank is one of the UAE most well established banks. Ajman Bank was listed on the Dubai Financial Market (DFM) in June 2008.
Prior to the Initial Public Offering of 55% of the total shares of Ajman Bank PJSC, a public joint stock company under establishment in the United Arab Emirates, there has been no public market for the Shares. Following the Offering and the completion of the incorporation process, the Bank has listed its Shares on Dubai Financial Markets ("DFM").
The Offering was open to UAE and non-UAE individual and institutional subscribers. 5% of the Offer Shares (i.e. 27.5 million Offer Shares) were subscribed for and allocated to the UAE Ministry of Finance and Industry ("MoF").
Non-UAE Subscribers, including Subscribers from countries in the Gulf Co-operation Council ("GCC") were allocated up to 100 million Offer Shares. The balance of the Offer Shares (i.e. 422.5 million Offer Shares) was allocated to UAE Subscribers.
The Offering of the Offer Shares has been authorized by the Emirates Securities and Commodities Authority ("ESCA").