Mr. Mohammed Zaqout Is No Longer CEO of Ajman Bank

Dubai, Uae (PressExposure) October 06, 2013 -- Ajman Bank Board of Directors announced today the decision of not confirming the CEO, Mr. Mohammed Zaqout and named on an interim basis Mr. Seifeldin Abdelkareem as the Acting CEO.

Mr Zaqout served as the CEO of Ajman Bank and is not confirmed in his position. The decision to part ways with Mr. Zaqout, had been taken by "mutual agreement".

We truly appreciate the efforts and leadership of Mr. Zaqout and take this opportunity to thank him for his contribution and initiatives during his tenure with us. All of us here at Ajman Bank wish him the very best for all his future endeavors.

In a challenging financial environment, Ajman Bank maintained earnings momentum recording a breakthrough performance with record growth rate of 382% in 2012 year end compared to 2011 year end.

The Management stressed, "Generating consistent and quality earnings is a key priority for us as we continue to serve our clients and communities. We have got in place the very best systems, practices, controls and technology managed by an exceptional team to meet the highest standards. We are confident these measures will enable us to capitalize on the right opportunities to deliver superior results while maintaining steady growth in all critical areas."

Ajman Bank began its operations in 2008 and is the first Shariah compliant Islamic bank incorporated and headquartered in the Emirate of Ajman. It now operates 11 branches spread across the UAE. The bank provides consumers, corporations, governments and institutions with a broad range of financial products and services, including an array of tailor-made products incorporating Islamic financing techniques.

About Ajman Bank:

Ajman Bank is a young, agile Islamic commercial bank built on the values of integrity, trust and transparency. The bank provides a wide range of value-driven banking services in the UAE for individual, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market's best products, people and technology in order to deliver what customers want, how they want it, delivering real value and recreating that human touch lost in modern banking.

Headquartered in Ajman and strongly supported by its government, Ajman Bank is the keystone of the emirate's economic development strategy and is in a position to benefit from its growth and potential like no other. Ajman Bank is committed to becoming a sustainable organisation in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.

For more information about Ajman Bank please visit

For media contact:

Hina Bakht
Vice President
MPJ (Marketing Pro-Junction)
Mob: +971 50 6975146

About Marketing Pro Junction

MPJ Marketing Pro Junction is a reputed marketing and PR agency in Dubai offering world-class services ranging from Website Development, Social Media Management, Mobile Apps Creation, Advertising and Graphic Design to Public Relations and Events Management.

For more information visit

For media contact

Hina Bakht

Vice President

MPJ (Marketing Pro Junction)

Mob: +971 50 6975146

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Press Release Submitted On: October 06, 2013 at 4:12 am
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