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Article: Ajman bank lists on Dubai financial market
- Article from:
- Al Bawaba
- Article date:
- June 25, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Ajman bank lists on Dubai financial market
Ajman Bank PJSC ("Ajman Bank" or the "Bank") today announced the
listing of its shares on the Dubai Financial Market ("DFM"). Ajman
Bank's share ticker is AJMANBANK and its shares will be traded on
the DFM from today.More than 211,000 UAE and non-UAE investors
applied for shares in the Initial Public Offer, submitting over
AED42 billion for investment, representing an over-subscription rate
of more than 77 times.Sheikh Ammar bin Humaid Al Nuaimi, Crown
Prince of Ajman and Chairman of Ajman Bank, commented, "This is a
momentous day for Ajman Bank and for Ajman. The bank will play a
central role in the economic development of Ajman and it will also ...