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Capital Bank signs agreements to acquire Bank Audi’s branches in Jordan and Iraq
By JT - Dec 29,2020 - Last updated at Dec 29,2020
Chairman of Capital Bank Group Bassem Khalil Al Salem (left) and Chairman and Group CEO of Bank Audi Samir Hanna sign an acquisition agreement (Photo courtesy of Capital Bank)
AMMAN Capital Bank Group and Bank Audi Group have announced the signing of the definitive agreements for the acquisition by Capital Bank of the operations of Bank Audi’s Jordan Branch Network, and the acquisition by the National Bank of Iraq a subsidiary of Capital Bank Group of the operations of Bank Audi’s Iraq Branch Network, including the purchase of the assets and liabilities of these branches.
12/29/2020 | Press release | Distributed by Public on 12/29/2020 03:39
CAPITAL BANK AND BANK AUDI SIGN DEFINITIVE AGREEMENTS FOR THE SALE OF THE ASSETS AND LIABILITIES OF BANK AUDI BRANCHES IN JORDAN AND IRAQ
Capital Bank Group and Bank Audi Group have announced the signing of the definitive agreements for the acquisition by Capital Bank of the operations of Bank Audi s Jordan Branch Network, and the acquisition by the National Bank of Iraq - a subsidiary of Capital Bank Group - of the operations of Bank Audi s Iraq Branch Network, including the purchase of the assets and liabilities of these branches. The completion of these transactions remains subject to the receipt of the final approval of the related supervisory and regulatory authorities.