Bank al Etihad : Disclosure (UBSI) 2024 07 10
BANK AL ETIHAD To: Jordan Securities Commission, ...
www.marketscreener.comHere are the latest publicly available highlights about Bank al Etihad, based on recent investor and news releases:
-
Merger news: Bank al Etihad and INVESTBANK announced a strategic merger in 2025, which would see Bank al Etihad acquire 100% of INVESTBANK’s share capital. The merger was described as Jordan’s largest banking merger to date, and the consideration involved a capital increase by Bank al Etihad with new shares issued to INVESTBANK shareholders in exchange for their stake. This indicates a major consolidation event shaping the Jordanian banking sector, with regulatory and shareholder approvals noted at that time.[2][4]
-
Corporate governance changes: In 2024, Bank al Etihad elected a new board of directors for the subsequent four-year period, appointing Basem Salfiti as chairman and Jabra Ghandour as vice chairman. The prior founding chairman, Isam Salfiti, was honored with the title of Founding Chairman upon stepping down from the chair position.[3]
-
Investor communications: Bank al Etihad has maintained an investor relations stream labeled “Investor News” that includes updates on governance, earnings-related topics, and merger-related developments, with postings in 2024–2025. The bank’s investor page notes governance and strategic updates as part of ongoing communications with shareholders.[1][3]
-
Local press coverage: Coverage around 2025 highlighted Jordan’s banking sector activity and the merger context, with articles summarizing the merger and its implications for the Jordanian market. These sources provide contemporaneous reporting on the merger plan and its significance for stakeholders.[2]
-
2024–2025 financial literacy efforts: Bank al Etihad reported on 2024 achievements in financial literacy and inclusion initiatives, emphasizing outreach to broader segments of society and businesses, which continued into 2025 in Jordan News coverage.[10]
If you’d like, I can pull more granular details (e.g., current status of the merger, regulatory approvals, or recent quarterly results) and summarize them with sources. I can also create a short timeline or a comparison table of the pre- and post-merger entities if that would help.