AJMAN BANK IPO PROSPECTUS PDF

(SUPPLIED) Ajman Bank on Sunday announced the opening of its public prospectus are available at the following banks: Abu Dhabi Islamic. together “Joint IPO Coordinators”) are acting exclusively for the Company and .. National Islamic Finance, Ajman Bank and Abu Dhabi Islamic. Limited (the Issuer) and Dubai Islamic Bank PJSC (DIB) that (i) you have of the UAE, namely Abu Dhabi, Ajman, Fujairah, Ras Al Khaimah, Sharjah and .. In May , BoK issued new shares by way of an IPO in Sudan, the UAE, the.

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Sign in to continue reading By IB Insights 2 years ago. You must read the following disclaimer before prsopectus.

In accessing the attached document, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from us as a result of such access. You acknowledge that this electronic transmission and the delivery of the attached document is confidential and intended only for you and you agree you will not reproduce or publish this electronic transmission or forward the attached document to any other person.

Confirmation of your representation: The attached document is delivered prospectys you at your request and on the basis that you have confirmed to Al Hilal Bank P.

The attached document has been made opo to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of DIB, the Trustee, the Joint Lead Managers nor any person who controls or is prospectuus director, officer, employee or agent of DIB, the Trustee, the Joint Lead Managers nor any of their respective affiliates accepts any liability or responsibility whatsoever in respect of any difference between the attached document distributed to you in electronic format and the hard copy prosprctus.

By accessing the attached document, you consent to receiving it in electronic form. A hard copy of the attached document will be made available to you only upon request to the Joint Lead Managers.

You are reminded that the attached document has been delivered to prosppectus on the basis that you aiman a person into whose possession the attached document may be ajmman delivered in accordance with the laws of the jurisdiction in which you are located and you may not nor are you authorised to deliver the attached documentelectronically or otherwise, to any other person. Failure ilo comply with this directive may result in a violation of the Securities Act or the applicable laws of other jurisdictions.

Neither the Joint Lead Managers nor any of their respective affiliates accepts any responsibility whatsoever for the contents of the attached document or for any statement made or purported to be made by any of them, or on any of their behalf, in connection with DIB, the Trustee or the offer. The Joint Lead Managers and their respective affiliates accordingly disclaim all and any liability whether arising in tort, contract, or otherwise which they might otherwise have in respect of such document or any such statement.

No representation or warranty, express or implied, ahman made by any of the Joint Lead Managers or their respective affiliates as to the accuracy, completeness, verification or sufficiency of the information set out in the attached document. They will not regard any other person whether or not a recipient of the attached document as their client in relation to the offer and will not be responsible to anyone other than DIB and the Trustee for providing the protections afforded to its clients nor for giving advice in relation to the offer or any transaction or arrangement referred to herein.

The materials relating to the offering do not constitute, and may not be used in connection with, an offer or solicitation in any place where such offers or solicitations are not permitted by law. If a jurisdiction requires that the offering be made by a licensed broker or dealer and the Joint Lead Managers or prspectus affiliate of ajmann Joint Lead Managers is a licensed broker or dealer in that jurisdiction the pgospectus shall be deemed to be made by the Joint Lead Managers or such affiliate on behalf of DIB and the Trustee in such jurisdiction.

Under no circumstances shall the attached document constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Recipients of the attached document who intend to subscribe for or purchase any securities to be issued are reminded that any subscription or purchase may only be made on the basis of the information contained in the final version of the attached document.

If you received the attached document by e-mail, you should not reply by e-mail to this communication. Your receipt of the electronic transmission is at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature. Restrictions on marketing and sales to retail investors The Certificates are complex financial instruments and are not a suitable or appropriate investment for all investors.

In some jurisdictions, regulatory authorities have adopted or published laws, jpo or guidance with respect to the offer or sale of securities such as, or with features similar ajma those of, the Certificates to retail investors.

If a Non-Viability Event as defined herein occurs, a Write-down as defined herein shall occur on the relevant Non-Viability Event Write-down Date as defined hereinas more particularly described in Condition 11 Write-down at the Point of Non-Viability.

In addition, to the extent that any of the Solvency Conditions are not satisfied at the relevant time or if a bankruptcy order in respect of DIB has been issued by a court in the UAE, all claims of the Trustee in respect of the Relevant Obligations will be extinguished and the Certificates will be cancelled without any further payment to be made by DIB in respect of the Relevant Obligations.

If the Certificates are not redeemed or purchased and cancelled in accordance with the Conditions on or prior to the First Call Date, Periodic Distribution Amounts shall be payable from and including the First Call Date subject to and in accordance with the Conditions at a fixed rate, to be reset on the First Call Date and every six years thereafter, equal to the Relevant Six Year Reset Rate as defined in the Conditions plus a margin of 5.

Periodic Distribution Amounts will, if payable pursuant to the Conditions, be payable semi-annually in arrear on 20 January and 20 July in each year, commencing 20 July Payments of such profit amounts under the Mudaraba Agreement are subject to mandatory cancellation if a Non-Payment Event as defined herein occurs, and are otherwise at the sole discretion of DIB as Mudareb.

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Any Periodic Distribution Amounts not paid as aforesaid will not accumulate and neither the Trustee nor the Certificateholders shall have any claim in respect thereof. The Certificates are perpetual securities and have no fixed or final redemption date. Unless the Certificates have previously been redeemed or purchased and cancelled as provided in the Conditions, the Trustee but only upon the instructions of DIB acting in its sole discretion shall redeem all but not some only of the Certificates on the First Call Date or on any Periodic Distribution Date falling after the First Call Date in accordance with Condition In addition, upon the occurrence of a Tax Event or a Capital Event each as defined in the Conditionsthe Certificates may be redeemed in whole but not in partor the terms thereof may be varied at the option of the Trustee but only upon the instructions of DIB acting in its sole discretionin each case at any time on or after the Issue Date in accordance with Conditions Any redemption or variation is subject to the conditions described in Condition The Delegate may and, if so requested in writing by the Certificateholders of at least onefifth of the then aggregate face amount of the Certificates outstanding or if so directed by an Extraordinary Resolution of Certificateholders, shall but in each case subject to Condition The Certificates will be limited recourse obligations of the Trustee.

An investment in the Certificates involves certain risks. Interests in the Global Certificate will be shown on, and transfers thereof will be effected only through, records maintained by Euroclear and Clearstream, Luxembourg.

Definitive Certificates evidencing holdings of interests in the Certificates will be issued in exchange for interests in the Global Certificate only in certain limited circumstances described herein. This Prospectus is intended for distribution only to persons of a type specified in the Markets Rules.

It must not be delivered to, or relied on by, any other person. The DFSA has also not assessed the suitability of the Certificates to which this Prospectus relates to any particular investor or type of investor. If you do not understand the contents of this Prospectus or are unsure whether the Certificates to which this Prospectus relates are suitable for your individual investment objectives and circumstances, you should consult an authorised financial adviser. The Certificates may only be offered, sold or transferred in registered form in minimum face amounts of U.

The date of this Prospectus is 19 January A1.

To the best of the knowledge of each of the Trustee and DIB, each having taken all reasonable care to ensure that such is the case, the information contained in this Prospectus is in accordance with the facts and does not omit anything likely to affect the import of such information.

The opinions, assumptions, intentions, projections and forecasts expressed in this Prospectus with regard to the Trustee and DIB are honestly held by the Trustee and DIB, have been reached after considering all relevant circumstances and are based on reasonable assumptions and are not misleading in any material respect. Each of the Trustee and DIB confirms that such information has been accurately reproduced and that, so far as it is aware, and is able to ascertain from information published by the relevant sources referred to, no facts have been omitted which would render the reproduced information inaccurate or misleading.

None of the Joint Lead Managers, nor any of their directors, affiliates, advisers, agents, the Delegate nor the Paying Agents as defined in the Agency Agreement has independently verified the information contained herein. Accordingly, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted by any of them as to the accuracy, adequacy, reasonableness or completeness of the information contained in this Prospectus or any other information provided by the Trustee or DIB in connection with the Certificates.

To the fullest extent permitted by law, the Joint Lead Managers accept no responsibility whatsoever for the contents of this Prospectus or for any other statement, made or purported to be made by a Joint Lead Manager or on its behalf in connection with the Trustee, DIB or the issue and offering of the Certificates.

Each Joint Lead Manager accordingly disclaims all and any liability whether arising in tort or contract or otherwise save as referred to above which it might otherwise have in respect of this Prospectus or any such statement. No person is or has been authorised by the Trustee, DIB or the Delegate to give any information or to make any representation not contained in or not consistent with this Prospectus or any other document entered into in relation to the offering of the Certificates and, if given or made, such information or representation should not be relied upon as having been authorised by the Trustee, DIB, the Delegate or any of the Joint Lead Managers.

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None of the Joint Lead Managers, nor any of their directors, affiliates, advisers, agents, the Delegate nor the Paying Agents or any of their respective affiliates make any representation or warranty or accept any liability as to the accuracy or completeness of the information contained in this Prospectus.

Neither the delivery of this Prospectus nor the offering, sale or delivery of the Certificates shall, in any circumstances, constitute a representation or create any implication that the information contained in this Prospectus is correct subsequent to the date hereof or the date upon which this Prospecttus has been most recently amended or supplemented or that there ajamn been no adverse change, or any 2 event reasonably likely to involve any adverse changein the prospects or the financial or trading position of the Trustee or DIB since the date hereof or, if later, the date upon which this Prospectus has been most recently amended or supplemented or that any other information supplied in connection with the Certificates is correct at any time subsequent to the date on which it is supplied or, if different, the date indicated ajmab the document containing the same.

No comment is made, or advice given by, the Trustee, the Delegate, DIB or the Joint Lead Managers or, any of their directors, affiliates, advisers or agents in respect of taxation matters relating to the Certificates or the legality of the purchase of the Certificates by an investor under applicable or similar laws. Any investor in prospecgus Certificates should be able to bear the economic risk of lpo investment in the Certificates for an indefinite period of time.

Accordingly, the Certificates may be offered or sold solely to persons who prpspectus not U. Each purchaser of the Certificates is hereby notified that the offer and sale of Certificates to it is being made in reliance on the exemption from the registration requirements of the Securities Act provided by Regulation S.

As such Fitch is included in the list of credit rating agencies published by the Prodpectus Securities and Markets Authority on its website in accordance ipi such Regulation. Each prospective investor is advised to consult its own tax adviser, legal adviser and business adviser as to tax, legal, business and related matters concerning the purchase of any Certificates.

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This Prospectus does not constitute an offer to sell or a solicitation of an offer to buy Certificates in any jurisdiction to any person to whom it is unlawful to make the offer or solicitation in such jurisdiction.

None of the Joint Lead Managers, the Trustee, the Delegate or DIB aj,an any representation to any investor in zjman Certificates regarding the legality of its investment under any applicable laws. The distribution of this Prospectus and the offering, sale and delivery of the Certificates in certain jurisdictions may be restricted by law. None of the Trustee, DIB, the Joint Lead Managers, nor any of their directors, affiliates, advisers, agents, the Delegate or the Paying Agents represents that this 3 Prospectus may be lawfully distributedor that Certificates may be lawfully offered, in compliance with any applicable registration or other requirements in any such jurisdiction, or pursuant to an exemption available thereunder, or assumes any responsibility for facilitating any such distribution or offering.

In particular, no action has been taken by the Trustee, DIB, the Joint Lead Managers, nor any of their directors, affiliates, advisers, agents, the Delegate or the Paying Agents which is intended to permit a public offering of the Certificates or distribution of this Prospectus in any jurisdiction where action for that purpose is required. Accordingly, the Certificates may not be offered or sold, directly or indirectly, and neither this Prospectus nor any advertisement or other offering material may be distributed or published in any jurisdiction, except under circumstances that will result in compliance with any applicable laws and regulations.

Persons into whose possession this Prospectus comes are opo by the Trustee, DIB and the Joint Lead Managers to inform themselves about and to observe any such restrictions. This Prospectus does not constitute an offer or an invitation to subscribe for or purchase Certificates prosspectus should not be considered as a recommendation by the Trustee, DIB, the Delegate, the Paying Agents, the Joint Lead Managers, or any of their directors, affiliates, advisers, agents or any of them that any recipient of this Prospectus should subscribe for, or purchase, the Certificates.

Each jpo of this Prospectus shall be taken to have made its own investigation and appraisal of the condition financial or otherwise of the Trustee and DIB. None of the Joint Lead Managers, nor any of their directors, affiliates, advisers, agents, the Delegate or the Paying Agents accepts any liability in relation to the information contained in bbank Prospectus or any other information provided by the Trustee or DIB in connection with the Certificates.

Neither this Prospectus nor ajmaan other information supplied in connection with the issue of the Certificates a is intended to provide the basis of any credit or other evaluation or b should be considered as a recommendation by the Trustee, the Delegate, DIB or any of the Joint Lead Managers that any recipient of this Prospectus or any other information supplied in connection with the issue of the Certificates should purchase any Certificates.

Each investor contemplating purchasing any Certificates should make its own independent investigation of the financial condition and affairs, and its own kpo of the creditworthiness, of the Trustee and DIB.

None of the Joint Lead Managers undertakes to review the financial condition or affairs bajk the Trustee or DIB during the life of the arrangements contemplated by this Prospectuw nor to advise any investor or potential investor ajkan the Certificates of any information coming to the attention of any of the Joint Lead Managers.

The Certificates may not be a suitable investment for all investors. Each potential investor in Certificates must determine the suitability of its investment amman light of its own circumstances.

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In particular, each potential investor should: The Certificates are complex financial instruments. Sophisticated institutional investors generally do not purchase complex financial instruments as stand-alone investments.

They bano complex financial instruments as a way to reduce risk or enhance yield with an understood, measured, appropriate addition of risk to their overall portfolios. No comment is made or advice given by the Trustee, DIB, the Delegate, the Joint Lead Managers or the Paying Agents in respect of taxation matters relating to the Certificates or the legality bahk the purchase of the Certificates by an investor under any applicable law.

However, there is no assurance that the Stabilising Manager or persons acting on behalf of the Stabilising Manager will undertake stabilisation action. Any stabilisation action may begin on or after the Issue Date and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the Issue Date and 60 days after the date of the allotment of the Certificates.

The Stabilising Manager or persons acting on behalf of the Stabilising Manager must conduct such stabilisation in accordance with all applicable laws and rules. Cautionary note regarding forward ajmah statements Some statements in this Prospectus may be deemed to be forward looking statements.

All statements other prospectuss statements of historical fact included in this Prospectus, including, without limitation, those regarding the financial position of DIB, or the business strategy, management plans and objectives for future operations of DIB, are forward looking statements. DIB has based these bak statements on the current view of its management with respect to future events and financial performance.

Forward looking statements speak only as at the date of this Prospectus and, without prejudice to any requirements under applicable laws and regulations, the Trustee and DIB expressly disclaim any obligation or undertaking to publicly update or revise any forward looking statements in this Prospectus to reflect any change in the expectations of the Trustee or DIB or any change in events, conditions or circumstances on which these forward looking statements are based.

Given the uncertainties of forward looking statements, the Trustee and DIB cannot assure potential investors that projected results or events will be achieved and the Trustee and DIB caution potential investors not to place undue reliance on these statements. All information in this Prospectus as at, or for the nine month periods ended, 30 September and 30 September is unaudited.

DIB restated its consolidated financial statements as at and for the year ended 31 December Certain Publicly Available Information A1. None of the Joint Lead Managers, the Trustee nor DIB accepts responsibility for the factual correctness of any such statistics or information but both the Trustee and DIB accept responsibility for accurately extracting and transcribing such statistics and information and believe, after due inquiry, that such statistics and information represent the most current publicly available statistics and information from such sources at and for the periods with respect to which they have been presented.

All statistical information provided in that section may differ from that produced by other sources for a variety of reasons, including the use of different definitions and cut-off times.