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- China's Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
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22/01/2018 06:20 AST
Ajman Bank on Sunday reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 2016.
While the bank made significant savings in staff costs that supported the full-year profits, higher impairment charges were up by 47.7 per cent to Dh195 million in 2017, compared to Dh132 million, and they impacted profit growth.
The bank's income from Islamic financing and investing assets surged 21.55 per cent to Dh681.63 million last year, up from Dh560.78 million in 2016. Fees, commission and other income rose 12.4 per cent to Dh149 million in 2017, up from Dh132.54 million in 2016.
The bank's total assets were up at Dh20 billion at the end of 2017, up 25 per cent on the Dh16 billion seen at the close of 2016.
Islamic financing and investment assets, net of investment securities, stood at Dh15.15 billion during the period, compared to Dh12.37 billion in the prior period.
On the liabilities side, the bank reported a significant surge in Islamic customer deposits to Dh14.32 billion in 2017, up from the Dh11 billion seen at the close of 2016.
Gulf News
21/04/2025
Ajman Bank has posted a profit before tax of Dh145 million in Q1 2025, reflecting a 24 per cent increase.
The bank reported the net operating income of Dh199 million, up by 2 per cent for Q
Khaleej Times
27/03/2018
Ajman Bank has signed a Memorandum of Understanding (MoU) with GII-REIT, through which the bank will offer the investment in the fund to its customers. GII-REIT is the first real estate investment tr
Oman Daily Observer
05/02/2018
Ajman Bank said on Sunday that its board had approved a 3.5 per cent cash dividend.
Ajman Bank reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 20
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 402.50 | -0.30 (-0.08 |
| FAB | 14.54 | 0.44 (3.12 |
| EMIRATESNBD | 20.40 | 0.15 (0.74 |
| ADCB | 11.90 | 0.52 (4.56 |
| ADIB | 18.30 | 0.02 (0.10 |
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
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