Dubai – Mubasher: Ajman Bank’s board on Sunday recommended the distribution of 3.5% of its capital (AED 0.035 per share) in dividends.
The proposed dividends for 2017 equal AED 56.7 million or 3.5% of the bank’s AED 1.62 billion capital, Ajman said in a statement to the Dubai Financial Market (DFM).
The UAE-based lender reported a 6% increase in annual net profit during 2017 to reach AED 132.6 million, compared to AED 125.5 million in the year-ago period.
