Ajman Bank sells 200m shares to Al Ramz Corporation’s units | ZAWYA MENA Edition:
"Al Ramz Corporation Investment and Development has announced that its subsidiaries bought 200 million of Ajman Bank’s shares.
About 84 million of the bank’s shares were sold at AED 0.9 per share on Thursday in the Dubai Financial Market (DFM) in consideration of AED 75.6 million.
In May Ajman Bank’s board recommended the increase of its capital in two phases, the first of which includes the increase of the paid-up capital within the AED 2.1 billion authorised capital."
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