AMMAN — The
Arab Jordan Investment Bank (AJIB) said it completed the acquisition of the National Bank of Kuwait (NBK)
in Jordan, according to an AJIB statement.
اضافة اعلان
Procedures were completed at the close of business last
Wednesday.
Hani Al-Qadi, chairman of AJIB’s board of directors,
said the process of acquiring the banking operations of NBK Jordan was
completed in a record period of three months from the date of signing the
agreement with NBK to acquire its business in Jordan.
Qadi said NBK’s customers will be served by AJIB,
reiterating the bank’s commitment to “provide comprehensive and advanced
banking products and services that meet all their banking needs.”
The acquisition is part of AJIB’s expansion strategy to
grow its banking business market share in Jordan, Qadi said. He explained that
AJIB’s acquisition experience and business transfer procedures, in addition to
the bank’s strong financial position, contributed to the success of acquiring
NBK.
The acquisition is Ajib’s second since 2014, when the
bank successfully acquired HSBC’s local banking operations, the largest foreign
bank operating in Jordan at the time.
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