Ajman Bank has officially entered the Additional Tier 1 (AT1) market, successfully pricing its inaugural $300 million perpetual non-call 5.5-year sukuk at a 6.5 percent profit rate. This landmark issuance serves as a significant milestone in the bank's financial journey, following its initial senior sukuk offering last year. By securing this funding, the institution is effectively bolstering its capital base and broadening its sources of liquidity, drawing substantial interest from both regional and international investors.

Sheikh Ammar bin Humaid Al Nuaimi, Chairman of Ajman Bank, noted that the move highlights the bank’s evolving capital management strategy and growing financial strength. CEO Mustafa Al Khalfawi echoed these sentiments, emphasizing that the transaction provides the bank with a versatile toolkit for regulatory capital while reflecting strong institutional confidence in the bank’s ongoing transformation. With the sukuk set to list on both the London Stock Exchange and Nasdaq Dubai, the move follows a solid first-quarter performance where the bank reported Dh134 million in pre-tax profit, signaling a successful push toward a more diversified and robust income structure.