INVESTBANK has successfully completed its capital increase, raising JOD 25 million with a strong subscription rate of 94.1%. This increase boosts the bank’s capital from JOD 100 million to JOD 125 million.

The capital increase underscores INVESTBANK’s commitment to enhancing its financial strength and supporting its strategic growth plans, reinforcing its position as a leader in the banking sector. With this enhanced capital base, INVESTBANK will be better positioned to expand its range of services and products, further meeting the evolving needs and expectations of its clients and shareholders.

The decision to increase capital was initially announced in July, with approval from the Jordan Securities Commission’s Board of Commissioners granted on September 25, 2024.

INVESTBANK Chairman, Fahmi Abu Khadra expressed his appreciation for the trust and support of shareholders, emphasizing that the successful capital increase reflects confidence in the bank’s forward-looking strategies and dedication to sustainable growth. He affirmed the bank’s ongoing commitment to delivering optimal returns for shareholders and exceptional service for clients.

Abu Khadra also acknowledged the vital contributions of United Financial Investments Co as the issuance manager, Jordan Kuwait Bank as the subscription bank, and regulatory bodies including the Central Bank of Jordan, the Jordan Securities Commission, and the Amman Stock Exchange, for their support throughout the process.

INVESTBANK reported robust financial results for the third quarter of 2024, with net profits reaching JOD 21.5 million, up from JOD 19.2 million in the same period last year.