Headed by Ammar bin Humaid.. The Board of Directors of Ajman Bank announces achieving net profits worth half a billion dirhams in 2025

AJMAN, 28 JANUARY / WAM / His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of the Executive Council, Chairman of the Board of Directors of Ajman Bank, chaired the bank’s Board of Directors meeting, in the presence of Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department in Ajman, Vice Chairman of the Bank’s Board of Directors, members of the Board, and CEO Mustafa Al Khalafawi, where the Board announced the achievement of strong financial results during the year 2025, which included a proposal to distribute cash dividends to shareholders at a rate of 9.18%, equivalent to 50% of net profit after tax.

The bank succeeded in recording net profits before tax of 548 million dirhams, a growth of 25% on an annual basis, while net profits after tax amounted to 500 million dirhams, a similar annual increase. The bank’s total revenues rose to 1.7 billion dirhams, with a growth of 10%, driven by stable performance in the main sectors and a deliberate expansion of sources of income. Net revenues also increased by 22% to reach 899 million dirhams as a result of improved operational performance and continued discipline in the cost structure. Non-financing income grew significantly, reaching 262 million dirhams, an annual increase of 37%, contributing 29% of total revenues.

His Highness Sheikh Ammar bin Humaid Al Nuaimi stressed that the bank’s performance during 2025 reflects clarity of vision and direction by continuing to consolidate its presence with confidence based on solid governance foundations and a balanced approach. His Highness indicated that this positive financial performance embodies the ability to adapt to changes and achieve sustainable growth based on discipline and look forward to 2026 with confidence based on strong results, solid operational foundations, and thoughtful development plans that enhance flexibility to keep pace with the aspirations of the next stage in a manner consistent with With the priorities of economic development in the emirate, praising the work team’s efforts, dedication and efficiency, which had a great impact in achieving these results.

For his part, Mustafa Al-Khalafawy, CEO of the bank, explained that the achieved results confirm the ability to coherently implement the strategy through deliberate growth, operational discipline and tangible progress in diversifying revenues, while continuing to focus on building a more flexible and future-ready bank capable of meeting the aspirations of customers and enhancing its position within the financial system.

The bank’s balance sheet witnessed remarkable growth, as total assets increased by 44% to reach 32.9 billion dirhams, and the volume of customer financing increased by 39% to reach 21.4 billion dirhams, while customer deposits grew by 40% to reach 26.6 billion dirhams, supported by an increase in current and savings account balances by 28%, which enhanced the stability of financing sources. And its diversification, the total shareholders’ equity amounted to 3.5 billion dirhams, with an annual growth of 12%.

Financial performance indicators also continued to improve, as the return on assets reached 1.8%, and the return on shareholders’ equity reached 15.2%. At the same time, the quality of assets witnessed a noticeable improvement, with the percentage of non-performing financing falling to 7%, a decrease of 288 basis points, and the cost-to-income ratio decreased to 45.9%, a decrease of 431 basis points, indicative of higher operational efficiency and more effective management of resources.

The bank’s strong performance was also evident in the remarkable success of its first sukuk issuance worth US$500 million, which witnessed demand exceeding the issuance size by 5.4 times, and attracted the participation of more than 100 international investors. The issuance received wide acceptance from prominent regional and international investment institutions, which contributed to achieving balanced geographical diversification, with 35% allocated to international investors and 65% to investors from the region.

Performance implementation is based on a clear focus on the bank’s four strategic pillars: service, speed, specialization, and simplicity, which allows for clarity of priorities and enhances a disciplined approach to decision-making at the institution level. These pillars are integrated with a growth framework based on opportunities, products, operations, and human resources, ensuring the harmony of long-term ambitions with a strong and sustainable executive ability. This strategic discipline was reflected in a group of major milestones that the bank achieved during the year.

Ajman Bank also places customers at the heart of its business model, and is steadily moving on a practical digital transformation path led by a “customer first” approach. During the year, the bank focused on building more effective digital channels, enhancing the customer experience across all touchpoints, and expanding banking solutions precisely designed to meet the needs of each segment.

During the year, the bank recorded a series of qualitative technical achievements, including a comprehensive upgrade of the core banking system, the launch of “Hamad AI” as the first smart interactive platform based on generative artificial intelligence, and the opening of the digital experience center in the main branch in Ajman. The bank also continued to develop digital channels, enhance the digital onboarding experience, and provide fully digital consumer financing solutions, in addition to expanding institutional connectivity services and solutions for corporate and treasury banking services.

Also, Ajman Bank continued to embed sustainability and environmental, social and corporate governance standards within the core of its operations. During the year, the bank announced its commitment to the goals of carbon neutrality and sustainable financing, and continued to grow its portfolio in this field, recording more than 40 sustainable financing transactions.

In parallel, the bank strengthened its operations, raised levels of security and readiness, and improved the efficiency of institutional performance, supporting a more flexible business model, a higher ability to respond, and sustainable growth led by disciplined implementation, not slogans. This progress was an impetus for a remarkable growth in the customer base, which rose by 36% during the year, confirming the bank’s continued momentum in expanding its presence nationwide.

In the same context, the bank has strengthened initiatives that support its sustainability goals and the aspirations of its customers, including specialized advisory services, programs to reduce and compensate for emissions, in addition to clear internal frameworks for sustainability, which confirms an institutional approach based on responsible growth and long-term value.

Ajman Bank continues to implement its long-term strategy, with a clear focus on developing digital and artificial intelligence-supported capabilities, enhancing operational efficiency, and achieving balanced growth across its core activities. The bank affirms its commitment to enhancing customer experience, expanding its institutional partnerships, and consolidating its presence in Islamic banking, within governance and risk management frameworks that support the sustainability of performance during the next stage.

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