Jordan Kuwait Bank sells 66.97% of the capital of BHM Capital

Jordan Kuwait Bank
(Photo: Jordan Kuwait Bank)
AMMANJordan Kuwait Bank has announced the completion of a deal to sell a portion of its investment in the capital of BHM Capital / United Arab Emirates to Ithmaar International Holding Group (Ithmaar) / United Arab Emirates, according to Ammon news. اضافة اعلان

The bank sold 66.9 percent of the company's capital for JD30.6 million. Consequently, achieving a net profit of approximately JD8.3 million for the bank.

This announcement was made during a ceremony held on Thursday, October 5, 2023, at the Louvre Abu Dhabi Museum.

"We are always seeking to strengthen our financial position and achieve the best returns for the bank's shareholders,” said Haitham Al-Bataihi, the CEO of Jordan Kuwait Bank, stated,

 "We have retained a 10 percent stake in the company as a strategic investment, which may provide future opportunities for the bank.”

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