Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
- Bahrain All Share Index closes higher
- UAE airline Etihad places major aircraft order with Boeing
- UN forecasts global economic growth to drop to 2.4% in 2025
- Dubai gold rate shoots up after Dh10 plus drop - in hours
- Abraj Energy signs deal with BP for drilling rig in Block 61
- Commercial Bank launches new CB Corporate Banking App
- QSE sees 62% of stocks in the red; index loses 19 points
- Financial markets development essential to Qatar's comprehensive financial strategy: QCB Governor
- Emirates NBD pilots new AI compliance tech to reduce risks, improve payment speed
27/03/2018 05:46 AST
Ajman Bank has signed a Memorandum of Understanding (MoU) with GII-REIT, through which the bank will offer the investment in the fund to its customers. GII-REIT is the first real estate investment trust belonging to Gulf Islamic Investments (GII). Hani Sabri, Head of Investment at Ajman Bank, said: "signing of the memorandum of understanding with GII-REIT comes within the framework of Ajman Bank's continuous endeavour to meet the needs of a diverse base of clients, through offering innovative and Sharia-compliant investment opportunities and solutions that are commensurate with the investment objectives of the clients and are in line with their capabilities to withstand the various risks.
Omar Mirza, the CEO GII Islamic REIT, mentioned they are in the process of on-boarding 6 properties in Dubai right now, across residential, commercial and industrial sectors, totalling around $200 million, and have identified a further pipeline of $350 million of high income generating properties in UAE.
So, the $50 million being invested by Ajman Bank, will get deployed immediately in purchasing some of the properties they have short listed. Almost all properties we are investing in, comes with 3 to 5 year head leases, in order to eliminate or minimise vacancy risk for the REIT.
Oman Daily Observer
21/04/2025
Ajman Bank has posted a profit before tax of Dh145 million in Q1 2025, reflecting a 24 per cent increase.
The bank reported the net operating income of Dh199 million, up by 2 per cent for Q
Khaleej Times
05/02/2018
Ajman Bank said on Sunday that its board had approved a 3.5 per cent cash dividend.
Ajman Bank reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 20
Gulf News
22/01/2018
Ajman Bank on Sunday reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 2016.
While the bank made significant savings in staff costs that supported t
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.00 | 0.00 (0.00 |
| FAB | 15.86 | 0.06 (0.37 |
| EMIRATESNBD | 22.60 | 0.70 (3.19 |
| ADCB | 12.30 | 0.10 (0.81 |
| ADIB | 19.10 | 0.18 (0.95 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia