Arab Jordan Investment Bank (ASE:AJIB) entered into an agreement to acquire Business of Standard Chartered in Hashemite Kingdom of Jordan on March 26, 2023. Under the agreement, the Corporate, Commercial & Institutional Banking (CCIB), and Consumer, Private & Business Banking (CPBB) businesses of Standard Chartered in Jordan will be migrated to Arab Jordan Investment Bank. Additionally, all Standard Chartered Bank Jordan?s employees will also be transferred to Arab Jordan Investment Bank. Central Bank of Jordan has approved the transaction.

Arab Jordan Investment Bank (ASE:AJIB) completed the acquisition of Business of Standard Chartered in Hashemite Kingdom of Jordan on August 10, 2023.