Ajman Bank has signed a memorandum of understanding (MoU) with Arab Financial Services (AFS), the Middle East and Africa’s leading digital payments solutions provider, to collaborate across merchant acquiring, payment issuing, processing services, and corporate banking solutions.
ASB Capital announced its appointment as Joint Lead Manager and Bookrunner on Ajman Bank’s (BBB+) inaugural USD 300 million Additional Tier 1 (AT1) perpetual non-call 5.5-year Sukuk, facilitating the bank’s first issuance in the international AT1 market.
Ajman Bank has listed a $300 million Additional Tier 1 (AT1) perpetual sukuk on Nasdaq Dubai, marking its first capital securities issuance and strengthening its regulatory capital base. The issuance was around 1.7 times oversubscribed, attracting orders of more than $500 million.
Ajman Bank has officially opened a new corporate office in Dubai, reinforcing its institutional presence in the UAE’s leading commercial hub and expanding its capacity to serve corporate and institutional clients.
