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Ajman Bank AGM approves retaining realized profit

2010-04-04

The annual general meeting (AGM) of Ajman Bank gave a nod to the board’s proposal for transferring FY09 realized gains to retained earnings.  FY09 financial results reflected AED 1.919 million losses, versus AED 3.052 million net earnings in FY07/08.  The lender’s full-year revenue surged by 169.01% to AED 136.190 million.