The Banking Executive Magazine - February 2026 Issue 2

Ajman Bank APPROVES 50% OF NET PROFIT AS CASH DIVIDEND 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 Di- rectors, approved the distribution of cash dividends to shareholders amounting to 50% of the net profit for the financial year ended 31st De- cember 2025, equivalent to 9.18% 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 AED548 million, reflecting a 25% year-on-year increase, while net profit after tax rose to AED500 million. Total assets increased by 44% to AED32.9 billion, underscoring the strength of the Bank’s financial posi- tion and sustained performance mo- mentum. The General Assembly meeting high- lighted Ajman Bank’s continued progress in executing its strategic pri- orities, achieving disciplined balance sheet growth, and strengthening its capital base, supporting its ability to deliver sustainable shareholder re- turns 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-estab- lished regulatory frameworks and a resilient economic environment. Fi- nancial institutions play a central role in supporting economic activity, facilitating capital flows, and ad- vancing national development prior- ities. "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 deliv- ering sustainable value to sharehold- ers. Guided by a clear strategic vision, the Bank continues to strengthen its institutional founda- tions 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 consis- tent performance across its core ac- tivities 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 disci- plined growth aligned with long-term shareholder value and financial sys- tem stability." In addition to approving the dividend distribution, the General Assembly ratified the Board of Directors’ report, the external auditors’ report, the fi- nancial statements for the year ended 31st December 2025, and all other agenda items in accordance with ap- plicable 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 institu- tional resilience. the BANKING EXECUTIVE 16 ISSUE 206 FEBRUARY 2026