Amman,
Jordan / Abu Dhabi, UAE – Bank al Etihad, one of Jordan's largest banks, has
announced its entry into the United Arab Emirates through a strategic
partnership with Ethmar International Holding (EIH), a leading Abu Dhabi-based
institutional investment holding group, along with other UAE-based investors.
اضافة اعلان
The parties have signed a Memorandum of Understanding (MoU) to establish a new
bank in Abu Dhabi Global Market (ADGM).
This
strategic partnership represents a significant milestone in Bank al Etihad’s
regional growth journey, expanding its footprint beyond Jordan and Iraq and
positioning the Bank within one of the world’s leading international financial
centers.
A New Platform for
Cross-Border Growth
The new bank
will operate under a Category 1 banking license within ADGM, providing a robust
platform for serving regional and international clients and companies
conducting business across markets outside the UAE mainland.
The new bank
will provide an integrated platform through which Bank al Etihad can facilitate
cross-border business, support transactions across its target markets, and
develop relationships with new corporate, institutional and high-net-worth
clients.
The
initiative forms part of Bank al Etihad’s broader growth strategy, drawing on
more than five decades of banking expertise to strengthen its regional
relevance, diversify its products and revenue streams, and deepen its
connectivity with major regional and international markets.
The proposed
bank will operate within ADGM’s internationally recognized regulatory framework
and under the supervision of the Financial Services Regulatory Authority
(FSRA), and in compliance with the regulatory requirements and controls in
effect in both the United Arab Emirates and the Hashemite Kingdom of Jordan.
Subject to obtaining all the necessary official approvals.
