UAE bank Ajman Bank, listed in Dubai, has approved a dividend payment for 2025, amounting to half of the net profit for the year.
The bank will pay a total dividend of AED250 million ($68 million), or 9.18 fils per share, for last year, according to a resolution passed at the annual general meeting held on March 3.
The dividend payout follows the lender reporting a quarterly increase in net profit to AED500 million and a 22 percent increase in operating income to AED899 million.
Total assets increased by 44 percent to AED33 billion by the end of 2025.
Ajman Bank is 33.1 percent owned by the government of Ajman.
The stock closed 0.6 percent lower at AED1.59 on February 27.
The Dubai bourse was closed on March 2 and 3 due to the conflict with Iran. The market will open for trading on March 4.
