May 17, 2025
Bank al Etihad to Acquire INVESTBANK in Historic Jordanian Banking Merger
Amman, Jordan — Bank al Etihad and INVESTBANK have jointly announced that their Boards of Directors have approved a strategic merger, under which Bank al Etihad will acquire 100% of INVESTBANK’s share capital. The transaction will be executed through a capital increase at Bank al Etihad, with the newly issued shares allocated to INVESTBANK shareholders in exchange for transferring full ownership of their shares. This sets the groundwork for the formal merger of INVESTBANK into Bank al Etihad, which will remain the surviving entity, in compliance with all relevant legal and regulatory requirements.
This landmark deal marks a significant turning point in Jordan’s banking landscape, resulting in a strengthened financial institution with enhanced capital, scale, and capabilities. Upon completion of the transaction, Bank al Etihad’s capital will rise to JOD 325.2 million, with total equity reaching nearly JOD 1 billion. The combined entity will hold total assets close to JOD 11 billion, positioning Bank al Etihad among Jordan’s largest domestic banks.
The merger aligns with the Central Bank of Jordan’s long-term vision to encourage consolidation within the banking sector—fostering more resilient institutions that can play a greater role in supporting economic growth and financial stability.
This strategic move reflects a shared vision to reinforce the bank’s presence in Jordan and accelerate regional growth. The merged entity will benefit from expanded operational capabilities and broader geographic coverage, enabling it to tap into new market segments and serve a larger and more diverse customer base. The combined strengths will enhance the delivery of comprehensive, integrated financial solutions to both individuals and businesses.
Both institutions have emphasized their commitment to retaining employees, recognizing their critical role in driving sustained success. The merger aims to preserve organizational stability and cultivate a supportive environment for talent development during this new chapter.
Leadership transitions have also been outlined:
- Basem Salfiti will remain as Chairman of the Board.
- Fahmi Abu Khadra will assume the role of Vice Chairman, subject to board approval.
- Muntaser Dawwas will be appointed CEO, pending approval by the Central Bank of Jordan.
- Her Excellency Nadia Al-Saeed, the current CEO, will continue in her role until the transition is finalized.
The proposed merger will be submitted to the general assemblies of both banks during separate extraordinary meetings on June 25, 2025. Finalization of the transaction will be subject to necessary approvals from relevant authorities, including the Central Bank of Jordan, the Ministry of Industry and Trade / Companies Control Department, and the Jordan Securities Commission.
