Khaberni - The Jordan Kuwait Bank announced its board's approval, during its meeting held on October 29, 2025, to begin the acquisition procedures for a controlling stake in the capital of FIMBank, which is one of the specialized commercial banks in international banking services, based in the Republic of Malta.
The proposed deal includes the acquisition by the Jordan Kuwait Bank of approximately 88.892% of FIMBank's capital, currently owned by the Kuwait Projects Company Holding Group (KIPCO) through United Gulf Holding Company with 80.395%, and Burgan Bank with 8.497%, which are both part of the same group. The completion of the transaction is subject to obtaining approvals from regulatory authorities in both Jordan and Malta, including the Central Bank of Jordan, Malta Financial Services Authority, as well as the European Central Bank.
FIMBank owns subsidiaries and offices in the United Kingdom, India, and Dubai, and offers all banking services including trade financing, factoring, and treasury. The bank's assets amount to about 1.3 billion US dollars, while its equity reaches about 182 million dollars.
This step is part of the Jordan Kuwait Bank's strategy for geographic expansion and enhancing its international presence, by entering the European market, which contributes to diversifying income sources and strengthening its financial position in foreign markets. This approach reaffirms the bank's commitment to implementing its vision of building a regional banking group with international outreach, based on diversification, innovation, and sustainable growth, striving for excellence in financial and operational performance, enhancing competitiveness, and providing the best services to its clients.
For more information about FIMBank, please visit its website: www.fimbank.com
In a separate disclosure, the Jordan Kuwait Bank also announced the approval of its board of directors on the recommendation to the General Assembly of Shareholders to increase the bank's capital by 60 million Jordanian dinar through private subscription. The proposed capital increase aims to support the strategic acquisition decision and the bank's plans for regional and international expansion, reflecting the shareholders' continued confidence in the bank's long-term vision and growth trajectory. The capital increase will be carried out through private subscription, issuing 30 million shares at a price of 2 dinars per share. This decision is subject to approval from the relevant regulatory authorities.
