Khaberni - United Financial Investments has announced the execution of a new strategic deal which involved the acquisition of two financial brokerage companies in the local market, namely International Financial Center Company owned by Housing Bank and Hikma Financial Brokerage Company, with a total value of approximately 5 million Jordanian Dinars.
The company confirmed in a press statement that this acquisition comes as a completion to its expansion plans aimed at enhancing its leading position in the financial brokerage sector and solidifying its role in developing the Jordanian capital market by providing advanced and comprehensive brokerage services that conform with the latest technical and regulatory standards.
With this new acquisition, the number of financial brokerage firms acquired by “United” rises to five, after its previous acquisitions of the Arab Financial Investment Company, Al-Mawarid Financial Brokerage Company owned by the Investment Bank, and the United Financial Group for Financial Brokerage. This has enabled the company to unify the expertise of these institutions under one umbrella, enhance its operational capabilities, and expand its customer base in the local market.
It is worth mentioning that the International Financial Center, majority-owned by the Housing Bank, is one of the long-established companies in the Amman Stock Exchange, with its trading volumes reaching about 75 million dinars. Under the deal, Housing Bank will also retain a stake in United Financial Investments.
Similarly, Hikma Financial Brokerage, with its annual trading volumes in the Amman Stock Exchange amounting to about 75 million dinars, enhances the operational presence of the company after completing the acquisition process.
United Financial Investments had previously acquired 5% of the shares of BHM, one of the major brokerage companies in Dubai, in a move that reflects its regional presence and confirms the strength of its financial position and its ability to build strategic partnerships impactful in regional markets.
It is noted that United Financial Investments is one of the largest companies operating in the financial brokerage sector in Jordan, and a key player in deepening trading, increasing liquidity, and attracting institutional investments to the Amman Stock Exchange, within its vision to be the leading company in developing the brokerage and financial services sector in the Kingdom.
