The Banking Executive Magazine - April 2023 Issue

Ajman Bank Ajman Bank TO PAY 3.5% OF CAPITAL AS BONUS FOR 2022 The shareholders of Ajman Bank ap- proved the distribution of profits in the form of bonus shares at a rate of 3.50% of the current paid-up capital for 2022. The UAE lender will issue 73.50 mil- lion bonus shares in favour of the el- igible shareholders. Chaired by Sheikh Rashid bin Hu- maid Al Nuaimi, who is the Vice Chairman of Ajman Bank, the gen- eral assembly was held on 19 April and approved the board’s report in addition to the report of the external auditor on the bank's activities and financial position for 2022. In 2022, Ajman Bank recorded higher net profits worth AED 162.06 million, while the net operating in- come reached AED 654.50 million. It is worth noting that the UAE finan- cial entity launched the world’s first Touch Card last year, providing an accessible payment card to enable blind and partially sighted people to easily facilitate payments and distin- guish between their cards. the BANKING EXECUTIVE 40 ISSUE 172 APRIL 2023