In a significant announcement regarding the financial landscape of Ajman, Ajman Bank is set to achieve profit milestones in 2025, with an impressive growth rate of 25%. This promising forecast reflects the bank’s strategic planning and governance, ensuring robust performance that aligns with the emirate’s economic goals.
Strong Financial Performance
His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank, chaired a board meeting attended by Sheikh Rashid bin Humaid Al Nuaimi, Vice Chairman of the Board, and several members. During the meeting, the board announced strong financial results for 2025, including a proposal to distribute cash dividends to shareholders at a rate of 9.18%, equivalent to 50% of net profit after tax. According to the data, net profit before tax reached 548 million dirhams, achieving a growth rate of 25% compared to previous years.
Revenue Growth and Diversification
The bank reported a notable increase in total revenues, reaching 1.7 billion dirhams, marking a growth of 10%, driven by strong performance in key sectors. CEO Mustafa Al Khalfaoui noted that net revenues rose by 22% to reach 899 million dirhams, reflecting improved operational performance and the resilience of the business model. In this context, Al Khalfaoui highlighted that the growth in non-financing income—recorded at 262 million dirhams with an annual increase of 37%—contributed 29% to total revenues.
Asset Growth and Operational Efficiency
The balance sheet experienced significant growth, with total assets rising by 44% to reach 32.9 billion dirhams. The bank’s investments in customer financing increased by 39%, reflecting customer confidence in its services. Furthermore, customer deposits grew by 40% to 26.6 billion dirhams, enhancing the stability of funding sources. Financial performance indicators, such as a return on assets at 1.8%, underscored the quality of financial management and operational efficiency.
Market Confidence and Future Outlook
The bank’s strong performance has demonstrated its ability to adapt to changes in the market. This adaptability was also evident in the successful issuance of the first sukuk valued at $500 million, which saw overwhelming demand exceeding 5.4 times. This success reflects investor confidence in Ajman Bank, strengthening its position within the local and international financial system and highlighting its readiness to build a more sustainable future.