Bank al Etihad will buy Investbank. Together, they will become one of the biggest banks in Jordan with $15.5 billion in assets
Bank al Etihad will buy the smaller bank called Investbank. This deal will make them one of the biggest banks in Jordan, with total assets of about $15.51 billion (JOD 11 billion), the bank said on Thursday.
Bank al Etihad Buys Investbank
Bank al Etihad is buying Investbank by increasing its capital. This will make Bank al Etihad much stronger and is an important event for banks in Jordan.
New shares of Bank al Etihad will be given to Investbank’s shareholders. In return, Bank al Etihad will own all of Investbank’s shares and will continue to operate as one bank.
Both banks’ boards have agreed to this deal. It will make the new combined bank stronger financially and in how it works.
The merger will be voted on at a special meeting on June 25. It also needs approval from government regulators, like the central bank and the Jordan Securities Commission.
After the deal, Bank al Etihad’s capital will increase to $458.5 million, and its total equity will be about $1.4 billion.
Both banks will keep their employees.
Leadership Changes
Basem Salfiti will stay as chairman. Fahmi Abu Khadra will be vice chairman, if the board agrees. Muntaser Dawwas will become CEO, once the central bank approves. The current CEO, Nadia Al-Saeed, will stay until the change is complete.
Mergers and Acquisitions in the MENA Region
In 2024, mergers and acquisitions (M&A) in the Middle East and North Africa (MENA) region went up by 7%, reaching $92.3 billion. Most of this was due to Saudi Arabia and the UAE. There were 701 deals in total, more than 679 in 2023. Saudi Arabia and the UAE made 318 deals worth $29.6 billion, making them the biggest players in the region.
Published: 16th May 2025
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