Business | Banking

Ajman IPO draws good response

Ajman Bank's Dh550 million IPO which opened for subscription on February 17 is attracting strong investor response according to bankers.

  • Staff Report
  • Published: 23:29 February 24, 2008
  • Gulf News

Dubai: Ajman Bank's Dh550 million IPO which opened for subscription on February 17 is attracting strong investor response according to bankers.

The offer will close on Wednesday.

"Our vision is to become the UAE's favourite financial services brand. The offer is but the first step in realising this vision. With the support of current investors, we aim to change the way financial services are offered in the UAE, and ultimately, the GCC market," said Yousuf Khalaf, CEO of Ajman Bank.

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