Dubai-Mubasher: Ajman Bank’s ordinary general meeting agreed on distributing 7% bonus shares for the fiscal year 2015, according to a filing with the Dubai exchange.
The bank’s shareholders also decided to increase the authorized capital to AED 2.10 billion ($571.74 million), and the paid-up capital to AED 1.55 billion ($422.004 million).
During FY15, Ajman Bank achieved profits worth AED 122 million ($33.2 million) as compared to AED 71.4 million ($19.43 million) a year earlier, an increase of 71%.
