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    AJMANBANK   AEA003201018

AJMAN BANK PJSC

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Ajman Bank PJSC : receives the “Innovative Solutions Award” by MasterCard

03/21/2016 | 01:59am EDT

Ajman Bank receives the 'Innovative Solutions Award' by MasterCard

Ajman - United Arab Emirates. 21 March 2016: Ajman Bank, the official Islamic Bank in the Emirate of Ajman, and the award-winning financial services institution committed to transforming the experience of Islamic banking, has received the 'Innovative Solutions Award' by MasterCard. The award was presented to Ajman Bank in recognition of its efforts to shift all Zakat fund transactions from cash to electronic - making it the first bank to issue Zakat Card through which Zakat funds will be distributed through cards.

The award was presented to Mr. Hisham Hammoud, Chief Business Officer of Ajman Bank by Mr. Eyad Al Kourdi - Senior Vice President and General Manager, UAE MasterCard, during an in-house award ceremony held at Ajman Bank HQ, in the presence of a number of delegates from both sides.

Mr. Eyad Al Kourdi from MasterCard commented: 'MasterCard is pleased to present the 'Innovative Solutions Award' to Ajman Bank to acknowledge and recognize its efforts in launching the Zakat Card, which will offer the bank's customers the convenience of managing their Zakat funds electronically through one dedicated card and moving beyond a cash-based environment. We congratulate the bank on this innovative and market-leading initiative.'

Under the same context, Mr. Hisham Hammoud, Ajman Bank's CBO commented: 'We at Ajman Bank, had expressed throughout the year, a well keen to innovate in the space of cards and this was highly appreciated and recognized by MasterCard.' He added: 'We sincerely appreciate our partnership with MasterCard and will always support their strategy and plan to create and sustain a cashless environment.'

-Ends-

About Ajman Bank:

An Islamic bank with an ambitious vision, built on integrity, trust and transparency values. It seeks to provide a wide range of high quality banking services and compatible with the provisions of the law, to customers from individuals, companies and government institutions at the state level. It also keen to recruit the best staff and the application of the latest technology that will ensure customers a distinctive experimental banking with the revival of that human touch lost in the modern era of banking services.

Ajman Bank, the Emirate of Ajman is based in, and enjoys the strong support of the Government, where is a fundamental pillar in the economic development of the emirate's strategy. The bank continues his 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 staff care, in order to provide real value and high for shareholders and customers alike.

Ajman Bank PJSC issued this content on 21 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 March 2016 06:58:05 UTC

Original Document: http://www.ajmanbank.ae/site/newsdetail/ajman-bank-receives-the-innovative-solutions-award-by-mastercard-


ę Publicnow 2016
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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 1 575 M 429 M 429 M
Capi. / Sales 2021 2,19x
EV / Sales 2022
Nbr of Employees -
Free-Float 53,3%
Chart AJMAN BANK PJSC
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Ajman Bank PJSC Technical Analysis Chart | AJMANBANK | AEA003201018 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 0,75 AED
Average target price 0,78 AED
Spread / Average Target 4,00%
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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