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Dubai on August 15th
Ajman Bank announced the listing of the new capital increase shares on the Dubai Financial Market and the start of trading in them tomorrow.
The bank said, in a disclosure today on the Dubai Financial Market website, that this comes after completing the process of allocating new shares and returning the surplus following the approval of the Securities and Commodities Authority to increase the bank’s capital through priority rights by an amount of 550 million dirhams through the issuance of 550 million new shares. .
The subscription process for property rights to increase the capital of Ajman Bank witnessed success and demand, as subscription requests exceeded the required limit by 7.4 times, with a total of 4.1 billion dirhams.
It is worth noting that the new property rights will enhance the capital base of Ajman Bank and will increase the total capital to 2.7 billion dirhams.
