Ali Makahleh

Capital Bank of Jordan

Capital Bank Group is considered one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7 billion, while the total equity of its shareholders is nearly JOD 654 million. Capital Bank Group includes Capital Bank, which since its inception in 1995, has grown to become one of the top financial institutions in Jordan, offering a comprehensive set of commercial and investment banking services and solutions tailored to the needs of retail and corporate clients alike. In 2005, Capital Bank (Jordan) purchased majority shares of the National Bank of Iraq (61.85%), In 2021, the National Bank of Iraq continued to realize its expansion strategy by launching its first branch in the Kingdom of Saudi Arabia to provide financial and trade services to its corporate clients. As for Capital Investments, it is a wholly owned subsidiary of Capital Bank established in 2006 and is set as a regional leader in providing comprehensive investment banking services that include asset management, brokerage as well as corporate financial advisory. The company serves a diverse array of local, regional, and international clientele, through its offices in Jordan and the United Arab Emirates / Dubai International Financial Center (DIFC). Further building on its ambitious expansion strategy, Capital Bank Group also acquired Bank Audi's operations in both Jordan and Iraq in 2021 and followed that milestone in 2022 with the acquisition of the branches and operations of Société Générale Bank in Jordan. In early 2022, Capital Bank launched its digital bank - Blink, targeting young individuals. In June 2022, Capital Bank raised its capital through issuing new shares in favor of the Public Investment Fund (PIF) as a strategic investor in Capital Bank, a milestone which will enable the Group to implement its expansion strategy.