Jordan Kuwait Bank (JKB) announced that its Board of Directors, in its meeting held on October 29, 2025, has approved the initiation of procedures to acquire a controlling stake in the share capital of FIMBank, a European commercial bank headquartered in the Republic of Malta.

The proposed transaction involves JKB’s acquisition of approximately 88.892% of FIMBank’s share capital, currently owned by Kuwait Projects Company (KIPCO) Group through United Gulf Holding Company (80.395%) and Burgan Bank (8.497%), both affiliates of the Group. Completion of the transaction remains subject to regulatory approvals in Jordan and Malta, including the Central Bank of Jordan, the Malta Financial Services Authority (MFSA), and the European Central Bank (ECB).

FIMBank operates subsidiaries and offices in the United Kingdom, India, and Dubai, providing full-fledged banking services with a niche in trade finance, factoring, and treasury operations. The bank’s total assets amount to approximately USD 1.3 billion, with shareholders’ equity of around USD 182 million.

This strategic move is part of JKB’s long-term growth strategy to expand geographically and strengthen its international presence by consolidating presence in the European market. The acquisition aims to diversify income sources and reinforce the bank’s financial position across global markets. It also underscores JKB’s commitment to its vision of building a regional banking group with international reach, driven by diversification, innovation, and sustainable growth, while striving for excellence in financial and operational performance, competitiveness, and customer service.

For more information about FIMBank, please visit: www.fimbank.com

 In a separate disclosure, Jordan Kuwait Bank also announced that its Board of Directors has approved a recommendation to the General Assembly to increase the Bank’s capital by JOD 60 million through a private placement.

 The proposed capital increase aims to support the strategic acquisition decision and the Bank’s regional and international expansion plans, reflecting shareholders’ continued confidence in JKB’s long-term vision and growth trajectory. The capital increase will be executed through the issuance of 30 million new shares at JOD 2 per share. This decision remains subject to approval by the relevant regulatory authorities.