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THE SECOND ARAB CAPITAL MARKETS CONFERENCE
“ENHANCING TRANSPARENCY AND FINANCIAL INNOVATION”
27-28 March 2019
Supporting Partner: Jordan Kuwait Bank
Jordan Kuwait Bank (JKB), a Jordanian public shareholding company, was founded in 1976 and has successfully evolved in to a major player in the Jordanian banking system. The Bank currently operates a domestic network of 64 branches distributed throughout Jordan in addition a branch in Cyprus. JKB wholly owns Ejara Leasing Company and Sanad Capital and holds a controlling share of more than 50% in United Financial Investments Co. (Jordan). JKB also has investments with board representation in Algeria Gulf Bank (Algeria), Quds Bank (Palestine) and Middle East Payment Services (Jordan).
The Bank’s total shareholders’ equity reached JD 445.6 million JOD ( 628.4 million USD) as at 31/12/2018. Its major shareholders are Al Rawabi United Holding Co. (Kuwait), a fully owned subsidiary of Kuwait Projects Company Holding (KIPCO), the Social Security Corporation (Jordan), and Odyssey Reinsurance Company (USA), a subsidiary of Fairfax Financial Holdings, holding 50.9%, 21% and 5.85% of the Bank’s capital respectively.
JKB is regarded as a trendsetter in terms of growth ratios, performance measures and financial indicators within the local banking sector. It is one of the top-rated banks in Jordan, a (BBB) by Capital Intelligence.
JKB was the first bank in Jordan to introduce electronic delivery and service channels. Its hi-tech infrastructure, widely spread branches, ATMs and ITMs, efficient e-banking products and services, Internet and mobile banking facilities that provide access to external payment systems; all topped with a unique customer- friendly atmosphere, have enabled the Bank to further enhance its image as the best client-focused bank in Jordan and substantiated its slogan: “More than just a bank”.
In its endeavor towards realizing the Bank's overall vision that is to be Jordan's first “Universal Bank”, JKB’s management capitalizes on the strong business and ownership relations with (KIPCO) and its banking arm, Burgan Bank Group. It also capitalizes on the Bank’s capabilities to provide services that encompass commercial and investment banking in addition to other business-related services (brokerage and insurance).