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On November 28th, 1982, Jordan Investment and Finance Bank (INVESTBANK) started its activities as a financial company under the name Jordan Investment and Finance Company with an authorized capital of JD6 million in which half was paid on the opening of its Initial Public Offering (IPO) while the rest was paid within a year of granting the final license.

A group of founders headed by the late Nizar Abdul Rahim Jardaneh set the first foundation stone for this financial institution which contributes to the development of the Jordanian financial industry. The aim was to provide the required financing to the economic sectors in order to enrich their achievements and increase opportunities of economic and social development in Jordan.

Founders aimed at being compatible with the economic growth requirements as well as achieving a good return for the shareholders, supporting national savings, and using resources to sustain financial activities.

A brief look at the development of the paid up capital of the bank shows that it has grown 17.2 times from JD4.5 million in 1989 to JD77.5 million in 2010. The successive increases were due to the profits of the bank with the exception of 1997, 2002, and 2003. In addition, the return on the bank’s shares increased since 1982 until the year 2009 from no more than JD1.238/share to revenues close to JD7.64 along with profits of JD1.152/share during this period. Furthermore, the share had equaled 4.32 shares, a market value that reached JD6.49 towards the year-end of 2009. These indicators give us an idea of the high returns INVESTBANK shareholders received.

Name of Shareholder Nationality Number of Shares
Palestine Bank Co. Palestinian 9,420,627
Zina Nizar Abdul Rahim Jardaneh Jordanian 8,019,686
Leena Nizar Abdul Rahim Jardaneh Jordanian 6,142,121
Fahmi bin Fayeq bin Fahmi Abu Khadrah Saudi 5,994,399
Nizar Abdul Rahim Jardaneh Jordanian 5,921,103
Hazem bin Fayeq bin Fahmi Abu Khadrah Saudi 5,733,449
Samer bin Fayeq bin Fahmi Abu Khadra Saudi 5,733,274
Ihab Shafeeq Farhan Jumaian Jordanian 4,875,496
Kamco investment Company Kuwaiti 4,350,000
THE CONGRESS FOUNDATION Liechtenstine 3,636,216
Quds Bank Palestinian 3,000,000
Rawan Abdul Rahim Jardaneh Jordanian 2,962,156
Dara Abdul Rahim Jardaneh Jordanian 2,961,087
Zainah Saad Khalaf Altal Jordanian 2,310,936
Tamarah Saad Khalf Altal Jordanian 2,310,935
Omar Naeem Abdulhadi Jordanian 2,205,081
General Investment Co. Jordanian 2,183,210
Saad Hani Jamil Qaddumi Kuwaiti 1,852,051
United Insurance Co. Jordanian 1,833,022
Alzarka Grand Mills Co. Jordanian 1,316,414
Total   82,761,263

Relations with the Shareholders are the cornerstone in the development of the operations of the Bank and the sustainability of its growth and improvement of its business, due to the importance of Shareholders support and their trust in the Bank. The Bank is keen to establish the best and strongest connections with the Shareholder by the following practices:

  1. Carryout serious and effective steps to encourage the Shareholders, especially the minor Shareholders, to attend the annual meeting of the General Assembly; to discuss the Annual Report and to vote, either in person or by proxy, through people representing them in case they are not able to attend.
  2. Invite all the Shareholders to attend the annual meeting of the General Assembly.
  3. Invite the external auditors to attend the annual meeting of the General Assembly to answer questions that the Shareholders may ask relating to the auditing and the report of the auditor.
  4. Vote on the issues separately during the annual meeting of the General Assembly.
  5. Elect new Board members, or re-elect from the current Board members, during the annual meeting of the General Assembly, in addition to electing an external auditor in compliance with the rules of the law and the relevant instructions.
  6. Prepare a report to present to the Shareholders regarding the remarks that have been raised during the annual meeting of the General Assembly, and the results thereof, including the outcome of the voting and the questions that were raised by the Shareholders and the replies of the Executive Management to those questions.
  7. Attendance of the annual meeting of the General Assembly by the heads of committees that branch from the Board of Directors.
  8. Receive, through the Bank's website, the recommendations of the Shareholders regarding the inclusion of specific items on the agenda of the General Assembly meeting, to guarantee that these recommendations will be studied and suitable action is taken accordingly.

As per the provisions of Article 6/F of the Jordanian Companies Law No. 22 of 1997 and its amendments, and the instructions for adopting electronic means for the procedures related to companies for the year 2021 issued pursuant to article (6) of the aforementioned Companies Law, and the instructions for supervising the holding of the General Assembly Meeting for Public Shareholding companies for the year 2017 and it amendments.

Board of Directors of INVESTBANK is, with Honor, inviting you, or those appointed by shareholders to attend the regular general assembly meeting remotely, at exactly 02:00PM on the afternoon of Wednesday 24/04/2024, through visual and electronic means of communication MICROSOFT TEAMS sent via email to shareholders, to consider the following matters:

  1. Reciting the resolution of the previous session of the 40th ordinary general assembly.
  2. Discussing the report of the Board of Directors on the bank's work for 2023 and the work plan for 2024.
  3. Voting on the auditors' report for the year ended 31/12/2023
  4. Voting on the general budget and the final accounts for the year ended 31/12/2023, approving them and absolving the board of directors for that period.
  5. Vote to absolve the Board of Directors from liability for the fiscal year 2023.
  6. Voting on the board of directors ’recommendation to distribute cash dividends to shareholders in the amount of (10) million dinars (ten million dinars), or 10% of the capital.
  7. Elect the auditors for the fiscal year 2024 and determine their fees.
  8. Hearing a brief report on the work of the committees emanating from the Board of Directors, in accordance with the provisions of Article 6 / e of the Corporate Governance Instructions for the listed companies for the year 2017.

To be able to join the meeting remotely, please provide us with an email address, and the required documents two days before the meeting is to be verified, at the following addresses:

- Email: [email protected]

- For a Shareholders affairs please call Ms. Alaa Maraqa, Tel: +962 79 7896 464

Chairman of the Board

Fahmi Abu Khadra