Friday, 24 March 2017

Affiliates & Partners

Affiliates & Partners
 
Kuwait Projects Company Holding (KIPCO)
Relationship with Bank: KIPCO is the main shareholder in Al Rawabi International 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$ 33 billion as at 30 September 2016. 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.

 

Al Rawabi International Co.
 
Relationship with Bank: Al Rawabi International Co. owns about 51% of Jordan Kuwait Bank’s capital.
Al Rawabi International Co., a subsidairy of KIPCO (Kuwait Investment Projects Company).
 
 
Ejara Leasing Company

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.

www.ejaraleasing.com

 
United Financial Investments Company

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.

www.ufico.com

 
Syria Gulf Bank

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

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.

www.bankofbaghdad.com

 
Tunis International Bank

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.

www.tib.com.tn

 
United Gulf Bank

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

www.ugbbh.com

 
Gulf Bank Algeria

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.

www.ag-bank.com

 
Burgan Bank – Turkey
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.

 

 
Burgan Bank
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.

 

 
FIMBank

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.

www.fimbank.com.