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22 June 2022 04:33 PM Cairo Amman Bank partners with Network International Jordan for e-services
Mubasher: Cairo Amman Bank has penned an exclusive cooperation agreement with Network International Jordan to provide the bank with a variety of card and digital payment products. Upon the agreement, the two entities will secure various card …
Companies Investments
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19 June 2022 07:05 PM Saudi PIF acquires 24% stake in Jordan's Capital Bank
Riyadh – Mubasher: The Public Investment Fund (PIF) will be purchasing a 23.97% stake in the Capital Bank of Jordan, in a transaction that will increase the lender’s capital by issuing new shares in favour of PIF. The Jordanian bank’s shareholders …
Corporate Actions
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14 June 2022 04:59 PM ADEX signs over AED 73m deal with Jordan's Capital Bank
UAE - Mubasher: The Abu Dhabi Exports Office (ADEX), the export-financing arm of the Abu Dhabi Fund for Development (ADFD), has penned a financing agreement with Capital Bank of Jordan. The AED 73.40 million deal aims to reinforce the UAE’s …
Banking and Finance
The Kom Ombo solar plant is expected to serve 130,000 households
22 April 2021 01:48 PM Egypt's largest solar plant secures $114m funding
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF), and Arab Bank signed a financing package …
Banking and Finance
EALB inks 3 deals with Jordanian loan firm
6 November 2018 03:14 PM EALB inks 3 deals with Jordanian loan firm
By: Eslam Fadl Cairo – Mubasher: The Egyptian Arab Land Bank (EALB) has signed three agreements with the Jordanian Loan Guarantee Co. (JLGC) in the Hashemite kingdom, the bank’s chairman told Mubasher on Tuesday. The agreements entail loans for …
Companies Investments
From January to September, SIBK’s profit rose to JOD 6.06 million, versus JOD 4.13 million in the same period a year ago.
23 October 2018 06:00 PM Safwa Islamic Bank logs JOD 2.04m profits in Q3
Mubasher: Safwa Islamic Bank (SIBK), listed on the Amman Stock Exchange (ASE), reported 33.33% year-on-year increase in its net profits in the third quarter of 2018. The bank’s profits reached JOD 2.04 million ($2.88 million) between July and …
Financial Results
No merger plans in horizon - UAB, Invest Bank
30 September 2018 10:44 AM No merger plans in horizon - UAB, Invest Bank
Abu Dhabi – Mubasher: United Arab Bank (UAB) on Sunday denied news that it was planning to merge with Invest Bank and Bank of Sharjah. The bank is committed to all transparency and disclosure standards, UAB said in a statement to the Abu Dhabi …
Mergers and Acquisitions
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12 July 2018 06:37 PM FAB sells NBAD Jordan operations to SGBJ
Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) has signed an agreement with Societe Generale de Banque - Jordanie (SGBJ) on Thursday to sell its National Bank of Abu Dhabi (NBAD) Jordan business operations to SGBJ. The deal includes the transfer …
Banking and Finance
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31 March 2018 06:09 PM Arab Bank’s OGM approves 40% dividends
Mubasher: The ordinary general meeting (OGM) of Arab Bank has approved the distribution of cash dividends for fiscal year 2017 at 40%. The bank achieved a strong performance last year despite the challenges and the regional geopolitical risks, …
Cash Dividends
ADGM and Daman will collaborate closely on a variety of technology-related initiatives
4 December 2017 02:54 PM ADGM, Daman sign MoU to promote insurance technology
Abu Dhabi - Mubasher: The Abu Dhabi Global Market (ADGM) on Monday signed a memorandum of understanding (MoU) with National Health Insurance Company (Daman) to promote the growth and development of the insurance-related financial technology …
Companies Investments