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21-04-2020 08:27 AM

AJMANBANK – Resolutions of General Assembly

Meeting Date/Time
Meeting Date/Time Monday, April 20, 2020 - 01:00 PM Type of Meeting General Assembly
Net Profit/Loss 84,402,000 AED Cash Dividend
Bonus Share New Issuance
Shares Split Capital Deduction
Announcements/Resolutions

the following items have been approved:

1- The directors' report on the Bank's activities and its financial position for the financial year ended 31/12/2019.

2- The report of the External Auditor on the financial year ended 31/12/2019.

3- The report of the Sharia Supervisory Board.

4- The Bank's Financial Statement and the profit and loss account for the financial year ended 31/12/2019.

5- The proposal of transferring the profit of 2019 to Retained Earning.   

6- The proposal of the Board of Directors remuneration.

7- Appointment of Sharia Supervisory Board members. After obtaining the approvals required from the relevant competent regulatory authorities.

8- Discharge of the members of the Board of Directors from liability for the financial year ended 31/12/2019.

9- Discharge of the External Auditors from liability for the financial year ended 31/12/2019.

10-               Appointment of auditors for the financial year 2020 and to determine their fees.

11-               Special Resolution:

a. Amendment of the Article of Association to be consistent with Central Bank Corporate Governance Regulation for Banks and the Corporate Governance Standards issued by Securities and Commodities Authority. After obtaining the approvals required from the relevant competent regulatory authorities.

b. Issuance of Teir 1 Sukuk which are not convertible into Shares for an amount of US$150 Million and to authorize the Board of Directors to determine and agree on the date of issuance provided that such date does not exceed one year from the date of the General Assembly meeting and after obtaining the approvals required from the relevant competent regulatory authorities.

Last Entitlement Date Ex-Dividend Date
Registry Closing (Settlement) Date Meeting Venue Remotely

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