Ajman Bank lists on Dubai Financial Market

"This is a momentous day for Ajman Bank and for Ajman. The bank will play a central role in the economic development of Ajman and it will also help to deliver a new and innovative financial services offering to the UAE, and ultimately, GCC markets. The combination of servicing the financing needs of enterprises and delivering a fresh, new banking service to business and retail customers will mean that Ajman Bank will create long term value for its investors and customers alike. We would like to take this opportunity to thank all of our investors who have participated in the Offer. The proceeds from the Initial Public Offering ("IPO") together with the capital raised through an earlier Founders Private Placement representing 45% of Ajman Bank total capital, will be invested in establishing Ajman Bank' operations including retail, corporate and investment banking services. Our first branch will be based in Ajman, with branches in Dubai and Abu Dhabi to follow shortly afterwards. The Government of Ajman Bank is the principal founder of the Bank and has subscribed for 250 million shares, representing 25% of the total capital of the Bank."