Announced
Financials
Tags
Pending
Single Bidder
Private
Banks
Friendly
Acquisition
Jordan
bank
banking
Minority
Cross Border
Private Equity
Synopsis
Public Investment Fund, a Saudi Arabia’s sovereign wealth fund, agreed to acquire a 23.97% stake in Capital Bank of Jordan for $185m. The investment contributes to the Capital Bank Group initiative of positively impacting the Jordanian economy, and highlights the growth prospects that the Bank offers, especially given the Group’s solid position in terms of equity.
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