Dubai – Mubasher: Ajman Bank’s board of directors recommended distributing bonus shares at 7% of capital for FY15, thus raising the capital from AED1.05 billion to AED1.123 billion.
The board also endorsed a recommendation on raising the bank’s capital by AED 500 million, which will be discussed in the upcoming general meeting scheduled for 13 April.
The bank announced on Wednesday that FY15 net profits rose by 71% to AED122 million ($33.2 million), from AED71.4 million ($19.44 million) in 2014.
