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New Deal


Announced

Public Investment Fund to acquire a 23.97% stake in Capital Bank of Jordan for $185m.

Financials

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Transaction Value£148m
Consideration TypeCash
Capital Owned-
Capital Bid For24%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Private

Banks

Friendly

Acquisition

Jordan

bank

banking

Minority

Cross Border

Private Equity

Synopsis

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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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