EAH – Ithmaar International Holding Company signed a strategic partnership agreement with Ajman Bank during the preparatory stages for listing the shares of EAH – Ithmaar International Holding Company as a joint stock company listed on the UAE Stock Exchange.
The agreement provides for the entry of “Ajman Bank” as a strategic partner during the private placement process, as this partnership represents a new step in the record of successes and achievements of the two companies, which in turn contributes to the development of local markets and the growth of the country’s economy in line with the vision of its leadership in charting a clear path for sustainable economic growth. .
For his part, the Managing Director and CEO of EAH – Ithmaar International Holding Company, Mr. Ali Al-Jubaili, commented, “NEAH – Ithmaar International Holding Company is a leading company in the Middle East, its mission is to build real value for the future of investment through strategic partnerships to develop Diversified, innovative and sustainable investment portfolio
And he added: “The economy of the United Arab Emirates represents a major center for the activities of financial markets in the Middle East, which is evident from the great recovery that the country is witnessing, stressing that the UAE economy has shown flexibility in facing global challenges, which contributed to the direction of investors from all walks of life. around the world to establish their businesses and invest in a safe and fast-growing economy. He also praised BHM Capital’s experience in the field of financial markets, and in providing high-quality services in accordance with the highest international standards.
Speaking about the agreement, Mr. Mohamed Amiri, CEO of Ajman Bank, said: “We are pleased to have such important investment opportunities through concluding a joint cooperation agreement with Ithmaar International Holding Company, which comes within the framework of our continuous endeavor to enhance effective partnerships that return Benefit to all our investors.
He added, “We are confident that this strategic initiative, which confirms our permanent commitment to support the economic growth movement in the United Arab Emirates, will serve the interests of investors in Ajman Bank in a different way.” We look forward to employing the best of our expertise and resources for the benefit of all parties. “
The Abu Dhabi-based EAH-Ithmaar International Holding Group owns many companies in various fields such as energy, technology and real estate development. It encourages and develops diversified businesses by investing in a wide range of sectors at the local and international levels, in pursuit of sustainable returns that guarantee strong growth continuous for the group.
Ajman Bank is an Islamic commercial bank built on the values of integrity, trust and transparency. It is considered the first Islamic bank established in the Emirate of Ajman in 2007. Its shares were listed on the Dubai Financial Market in February 2008. The bank was officially opened and began its operations in 2009 through two branches in the Emirate of Ajman. The bank currently has a network of branches and ATMs spread all over the United Arab Emirates.
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