22-02-2024 12:21 PM
Ammon news -Ahmad Alhyari- A disclosure by Bank al Etihad on the Amman Stock Exchange (ASE) website revealed that the bank’s Board of Directors took an initial decision to approve entering into discussions with the Jordan Kuwait Bank to evaluate the idea of a merger between the two banks.
The Board of Directors of Bank al Etihad will take a set of measures regarding technical, financial and legal studies, according to the disclosure, indicating that the merger process is still in the initial discussion stage.
The Jordan Kuwait Bank's disclosure indicated that the Board of Directors of the Jordan Kuwait Bank has decided to approve the start of conducting the necessary technical, financial and legal studies to evaluate the idea of merging with Bank al Etihad so that the appropriate decision can be taken based on it.
The Jordan Kuwait Bank stressed also that the issue is still initial studies stage, and that any developments regarding this matter will be disclosed if they occur in the future.
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