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    AJMANBANK   AEA003201018

AJMAN BANK PJSC

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Ajman Bank : "Ajman Bank" signs financing agreement with Saudi German Hospitals group for the establishment of the Saudi German Hospital – Ajman (SGH-Ajman)

02/27/2017 | 06:42am EDT

'Ajman Bank' signs financing agreement with Saudi German Hospitals group for the establishment of the Saudi German Hospital - Ajman (SGH-Ajman)

Ajman: 'Ajman Bank' has signed a financing agreement with 'Saudi German Hospitals Group' for the construction project for the development of Saudi German Hospital - Ajman (SGH-Ajman) with 150- bed facility in the emirate of Ajman. The total project cost is 327.3 million dirhams. The two sides announced in a press conference that the completion of all phases of the project and formal opening of the hospital is expected in 2018

The signing of the agreement was witnessed by Mr. Mohamed Amiri, Chief Executive Officer of Ajman Bank, and Engineer Sobhi Batterjee, CEO and Chairman of the Saudi German Hospitals Group.

Mr. Mohamed Amiri, Chief Executive Officer of Ajman Bank said, 'We at Ajman Bank are delighted to have partnered with Saudi German Hospitals Group for financing the development of Saudi German Hospital - Ajman (SGH-Ajman). This agreement is a true reflection of Ajman bank's focus and keenness of the bank to support the medical sector, by financing specific development projects that promote integrated health care system in the Emirate of Ajman. Mohamed Amiri continued, 'We are confident that the Saudi German Hospital - Ajman will offer access to quality health care for the people of Ajman by providing finest medical and therapeutic services through a comprehensive and distinct health systems that contributes to the development of an integrated system to deliver high quality medical and health care services in the emirate of Ajman.'

During the signing in ceremony, Engr. Sobhi Batterjee, President of Batterjee Medical Company and CEO and Chairman of the Saudi German Hospitals Group said, 'We would like to thank Ajman bank and its vision of adopting major health care projects.' He further added, 'The enormous healthcare opportunity that exists in the Emirate of Ajman and the role of the private sector in providing quality medical care to the population of the Emirate. UAE attracts the largest healthcare talent pool in the region.' He further commented that, 'Apart from the local demand there is enormous opportunities for medical tourism in the emirate of Ajman, in particular the United Arab Emirates and the region.'

On the signing of the agreement, Mr. Akram Khan, Executive Vice President & Group Head Wholesale Banking at Ajman Bank said, 'Ajman Bank is pleased with this agreement with 'Saudi German Hospitals Group' for the establishment of the Saudi German Hospital - Ajman (SGH-Ajman).' He further stated, 'The agreement includes providing housing fund for hospital workers and range of items that are in the framework of the agreement between the two parties to provide unique medical services of its kind to the population of Ajman and all aspects related to providing the most advanced and quality health care services.

About Ajman Bank:

'Ajman Bank' an Islamic bank with an ambitious vision, built on integrity, trust and transparency values, seeks to provide a wide range of Shariah compliant and high quality banking services to customers from individuals, companies and government institutions at the state level. It is to recruit the best staff and also be updated with latest technology that will ensure customers a distinctive experimental banking with emphasis on the revival of human touch that is lost in the modern era of banking services.

It is worth mentioning that Ajman Bank, based in the emirates' of Ajman has strong support from the government, which is a fundamental pillar in the economic development of the emirate's strategy. The bank will continue its tireless efforts to become an Islamic banking institution sustainable in every sense of the word, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike.

Ajman Bank PJSC published this content on 27 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 February 2017 11:42:06 UTC.


© Publicnow 2017
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Sales 2021 719 M 196 M 196 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 567 M 426 M 427 M
Capi. / Sales 2021 2,18x
EV / Sales 2022
Nbr of Employees -
Free-Float 53,3%
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Ajman Bank PJSC Technical Analysis Chart | AJMANBANK | AEA003201018 | MarketScreener
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 0,75 AED
Average target price 0,78 AED
Spread / Average Target 4,56%
Managers and Directors
Mohammed Abdul Rahman Amiri Chief Executive Officer
Seifeldin Abdelkareem Chief Financial Officer
Ammar bin Humaid Rashed Al-Nuaimi Chairman
Hajar Mohamed AlMaazmi Head-Information Technology
Salem Al-Shamsi Chief Operating Officer
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