Joint Press Release Bank al Etihad and INVESTBANK Announce Jordan’s Largest Banking Merger

Joint Press Release Bank al Etihad and INVESTBANK Announce Jordan’s Largest Banking Merger

AMMAN — Bank al Etihad and INVESTBANK have announced that their respective Boards of Directors have approved a strategic merger under which Bank al Etihad will acquire 100% of INVESTBANK’s share capital. The acquisition will be carried out through a capital increase by Bank al Etihad, with all newly issued shares allocated to INVESTBANK shareholders in exchange for

Bank al Etihad to acquire Investbank

Bank al Etihad and banking solutions provider Investbank have announced Jordan’s largest banking merger. Both the companies’ respective boards of directors have approved a strategic merger under which Bank al Etihad is set to acquire 100% of Investbank’s share capital. This acquisition will be executed through a capital increase by Bank al Etihad, where newly issued shares will be allocated to Investbank shareholders in exchange for their full o…

Jordan's Bank al Etihad buys smaller Investbank

Stock-for-stock acquisition agreed Equity value will be over $1.4bn Central bank encourages mergers Jordan’s Bank al Etihad has acquired smaller peer Investbank in a deal that will create one of the kingdom’s biggest lenders, bank officials said on Thursday. The two banks’ boards agreed to a stock-for-stock acquisition that will create an entity with a total equity value of over $1.4 billion, Bank al Etihad chairman Basem Salfiti told Reuters. “…

Bank al Etihad and Invest Bank in Jordan’s Largest Strategic Merger Deal - Jordan News | Latest News from Jordan, MENA

The first stock-for-stock transaction of its kind in the Kingdom creates Jordan’s second largest bank