The bank started with a paid up capital of AED 1 billion. The bank is supported by the Government of Ajman which owns 25% and it is also supported by leading financial institutions and private individuals from the UAE. The bank has taken an initial public offering of 55% of its equity to raise capital to fund its aggressive roll-out strategy to support its objective of becoming one of the UAE's favourite financial services providers. The IPO for Ajman Bank was more than 85 times oversubscribed. The bank is listed on the Dubai Financial Market since Feb 08.