| Affiliates & Partners | |
| Kuwait Projects Company Holding (KIPCO) | |
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Relationship with Bank: KIPCO is the main shareholder in Al Rawabi United Holding Co., which in turn owns about 51% of Jordan Kuwait Bank’s capital.
The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 31 March 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors. |
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Al Rawabi United Holding Co.
Relationship with Bank:Al Rawabi United Holding Co. owns about 51% of Jordan Kuwait Bank’s capital.
Al Rawabi United Holding Co. is a subsidairy of KIPCO (Kuwait Investment Projects Company). |
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| Ejara Leasing Company | |
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Relationship with Bank: Fully owned by Jordan Kuwait Bank Jordan Kuwait Bank established Ejara Leasing Company on January 6, 2011. The company is registered as a private shareholding company and has a paid-up capital of JD 20 million fully paid by the Bank. Ejara Leasing Company aims to provide innovative and high quality leasing services to supplement the banking and financing services offered at Jordan Kuwait Bank to be in line with the developments in the financial market, meet the needs of the Bank’s clients and support the various economic activities, while developing the concept of financial leasing and providing the Bank’s clients with different financing alternatives. |
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Specialized Management Co. For Investment & Financial Advisory (Sanad Capital) |
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Sanad Capital was founded on 22/11/2016 as a private limited company with a paid-up capital of JD530 thousand (USD747 thousand) fully paid by the Bank. The company, which commenced its operations during the first quarter of 2017, offers a wide range of financial and advisory services including managing stocks and bonds issued, financial advisory services to companies and family groups, in addition to offering financial opportunities such as establishing real estate investment funds and other financial and advisory services.
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| United Financial Investments Company | |
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Relationship with Bank: Subsidiary of Jordan Kuwait Bank with the Bank holding a controlling share (more that 50%) of its capital. United Financial Investments Company (UFICO) was established in 1980 and in 1996 was registered as a public shareholding company. UFICO is considered to be one of the best brokerage firms and financial services companies operating in Amman Stock Exchange as it depends on the latest technology and direct electronic link with global financial markets. In 2002, UFICO became a subsidiary of Jordan Kuwait Bank with the Bank holding a controlling share (more that 50%) of its capital. |
| Quds Bank | |
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Relationship with Bank: Jordan Kuwait Bank holds 10% of its capital. Established in Ramallah in 1995, Quds Bank today has a portfolio that offers a wide range of retail and corporate banking solutions including but not limited to personal account services, home and auto financing, SME’s financing, commercial loans and project support. The bank runs its’ main operations through its’ headquarter located in Ramallah, Al Masyoun, in addition to 37 fully-fledged branches and offices across Palestine (West Bank and Gaza). |
| Syria Gulf Bank | |
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Relationship with Bank: A sister company. Syria Gulf Bank is a subsidiary of Kuwait Projects Company Holding (KIPCO) Syria Gulf Bank commercial and international services to small sized businesses and professionals in a variety of industries, including commercial real estate and construction loans, commercial credit facilities, trade finance. The bank also provides consumer services to individuals with a full range of savings and lending activities, home, personal and car loans. |
| Bank of Baghdad | |
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Relationship with Bank: A sister company. Bank of Baghdad is a subsidiary of Burgan Bank Group Bank of Baghdad (BOB) is a member of Burgan Bank group, a subsidiary of KIPCO. The bank offers its clients an array of financial and banking services that includes various deposit accounts and credit products for individuals and businesses through its branches and offices in Iraq. |
| Tunis International Bank | |
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Relationship with Bank: A sister company. Tunis International Bank is a subsidiary of Burgan Bank Group Tunis International Bank offers a comprehensive range of financial services to corporations, financial institutions, governments and individuals in Tunisia and abroad, including foreign exchange and money market operations in all currencies, international trade finance, commercial banking, investments and others. |
| United Gulf Bank | |
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Relationship with Bank: A sister company. United Gulf Bank is a subsidiary of Kuwait Projects Company Holding (KIPCO) United Gulf Bank B.S.C., the investment banking arm of Kuwait Projects Company (Holding) (KIPCO), it operates as a wholesale bank from its home base in Bahrain. The bank’s current business model is focused on asset management, investment banking and brokerage services through a network of financial service entities with footprints across the Middle East and North Africa region |
| Gulf Bank Algeria | |
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Relationship with Bank: A sister company. Gulf Bank Algeria is a subsidiary of Burgan Bank Group. Jordan Kuwait Bank holds a stake of 10% in its capital. Gulf Bank Algeria was established in March 2004 with a paid-up capital of $90 million. The bank’s main mission is contributing to the financial and economic growth in Algeria. The Bank offers a wide range of banking products and services in addition to traditional banking services that are “sharia” compliant to meet the needs of different segments of customers. |
| Burgan Bank – Turkey | |
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Relationship with Bank: A sister company. Burgan Bank – Turkey is a fully owned subsidiary of Burgan Bank Group
Burgan Bank – Turkey is a fully owned subsidiary of Burgan Bank Group. The bank is backed by a clear cut strategy that focuses on the upside geo-economic growth potential Turkey provides, along with the benefits of the bank's wider group synergies across Jordan, Iraq, Tunisia, Algeria and Lebanon.
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| Burgan Bank | |
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Relationship with Bank: A sister company. Burgan Bank – Kuwait is a fully owned subsidiary of Burgan Bank Group.
Burgan Bank, a subsidairy of KIPCO (Kuwait Investment Projects Company), is a regional bank with majority owned subsidairies in the MENA region. The youngest and most dynamic regional commercial bank, established in 1977, the Bank has acquired a leading role in the retail, corporate and investment banking sector through innovative product offers and technologically advanced delivery channels.
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| FIMBank | |
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Relationship with Bank: A sister company. United Gulf Bank is a subsidiary of Kuwait Projects Company Holding (KIPCO) FIMBank is an international trade finance specialist offering a comprehensive range of trade finance and banking services. The Bank has an established reputation as a dynamic and customer-driven provider of trade finance solutions and is at the forefront of introducing and developing receivable finance techniques in emerging markets. FIMBank is headquartered in Malta and benefits from a physical presence in more than ten financial centres worldwide serving clients located in over 50 countries. |
