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

AJMAN: 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 50 per cent of the net profit for the financial year ended 31st December 2025, equivalent to 9.18 per cent of the Bank’s paid-up capital.

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.

Sheikh Rashid Bin Humaid Bin Rashid Al Noaimi stated, "The UAE banking sector continues to operate from a position of stability and strength, supported by well-established regulatory frameworks and a resilient economic environment. Financial institutions play a central role in supporting economic activity, facilitating capital flows, and advancing national development priorities.

"Ajman Bank’s performance in 2025 reflects disciplined execution and prudent governance. The approved dividend distribution aligns with the Bank’s balanced capital management strategy and its commitment to delivering sustainable value to shareholders. Guided by a clear strategic vision, the Bank continues to strengthen its institutional foundations and reinforce its role within the national financial system, supporting long-term economic development.”

Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, said, "Ajman Bank’s record results reflect consistent performance across its core activities and the strength of its capital base. The Bank continues to focus on advancing its digital and AI-enabled capabilities, reinforcing governance frameworks, and achieving disciplined growth aligned with long-term shareholder value and financial system stability."

In addition to approving the dividend distribution, the General Assembly ratified the Board of Directors’ report, the external auditors’ report, the financial statements for the year ended 31st December 2025, and all other agenda items in accordance with applicable regulatory and governance requirements.

Ajman Bank continues to advance its Vision 2030 agenda, maintaining a balanced growth strategy supported by prudent risk management, capital discipline, and long-term institutional resilience.

Meanwhile Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, chaired the Bank’s Board of Directors meeting to review the financial results for the nine months ended 30 September 2025 and discuss strategic priorities aimed at sustaining growth and achieving long-term value creation.

Ajman Bank reported a profit before tax of Dhs414 million, an increase of 32% compared to the same period last year, while profit after tax reached Dhs380 million, up 31% year-on-year. Total operating income reached Dhs1.2 billion, and net operating income stood at Dhs660 million, reflecting strong performance across core business segments and disciplined execution of its growth strategy.

Sheikh Ammar said: “Ajman Bank’s performance for the first nine months of 2025 reflects the effectiveness of its strategy and its growing contribution to the UAE’s financial landscape. The Bank continues to advance its role as a catalyst for sustainable economic development and value creation across the wider community.''

The Bank’s total assets rose by 23% since year-end 2024 to Dhs28.0 billion, supported by a 20% increase in total financing to Dhs18.5 billion. Customer deposits grew by 14% to Dhs20.6 billion, while shareholders’ equity reached Dhs3.4 billion, up 8% year-to-date, underscoring continued balance-sheet growth and stable funding momentum.

Capital and liquidity positions remained strong, with a Capital Adequacy Ratio (CAR) of 16.9% and a Tier 1 Capital Ratio of 15.8%. Return on Equity (ROE) improved to 15.6% (up by 276 bps), and Return on Assets (ROA) reached 2.0% (up by 30 bps). The Cost-to-Income Ratio stood at 44.8%, reflecting ongoing investment in technology, digital transformation, and operational efficiency.

Asset quality further improved, with the Non-Performing Loans (NPL) Ratio declining to 7.7% (down by 801 bps) and the Real Estate Ratio reduced to 31.9% (down by 219 bps), supported by effective credit-risk management and portfolio diversification.

Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, said: “Our nine-month results demonstrate Ajman Bank’s operational strength and consistent delivery against strategic priorities. We continue to focus on enhancing efficiency, optimising our balance sheet, and expanding our digital ecosystem to drive sustainable growth and long-term stakeholder value.''

Ajman Bank continues to advance its sustainability and innovation agenda in alignment with Ajman Vision 2030 and the UAE’s national economic transformation goals. The Bank remains committed to its Dhs4 billion Sustainable Finance pledge by 2030 and Net Zero Emission target by 2050, reinforcing its vision to create a lasting, positive impact on the economy and society.

WAM