Under the Directives of Ammar Al Nuaimi, Ajman Bank Announces No Layoffs in 2020

Press release
Published March 29th, 2020 - 01:00 GMT
Under the Directives of Ammar Al Nuaimi, Ajman Bank Announces No Layoffs in 2020
Sheikh Ammar bin Humaid Al Nuaimi
Highlights
Ajman Bank, has announced that there will be no layoffs or job cuts at the bank in 2020.

Pledging its support to all its employees and protecting jobs, Ajman Bank, under the directives of His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, has announced that there will be no layoffs or job cuts at the bank in 2020.

Waving off concerns about a potential widespread economic impact, Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, stated, “At Ajman Bank we put our customers and employees first and wish to lead by example. Despite the challenges, there will be no reduction of workforce at Ajman Bank in 2020. We have an obligation to make responsible decisions and are committed to manage the economic effects of COVID-19 in a clear and compassionate way creating value for our clients and avoiding addition of emotional distress. While we all have responsibilities to fulfill, we believe by working together and by prioritizing our goals, we will come out of this pandemic stronger than ever before and will see a return of greater stability.”

This initiative comes from Ajman Bank's firm belief in its social responsibility towards society, its concern for the happiness of its customers and employees, and its belief in its inherent role as one of the pillars of the national economy as well as a strategic partner for the government of Ajman and the government of the United Arab Emirates. The bank is dedicated to achieving the national agenda that focuses on strengthening the position of the UAE as a stable and attractive destination for investment.

Background Information

Ajman Bank

Ajman Bank is a young, agile Islamic commercial bank that 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.

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