By embarking on this transaction, SGBJ seeks to accelerate its growth strategy by leveraging on this business opportunity to enhance and consolidate its position in the Jordanian market, thus complementing previous strong organic growth achieved over the past five years.
SGBJ operates as a universal bank through a network of 17 branches located across different areas in Amman and other key governorates.
All NBAD Jordan clients, employees and branches will be transferred to SGBJ. The transaction will be completed over the coming months, as both parties work together to ensure a seamless transition for clients and employees.
All NBAD Jordan clients, employees and branches will be transferred to SGBJ
and the transaction will be completed over the coming months, as both parties work together to ensure a seamless transition for clients and employees, said FAB.
FAB said that all NBAD's clients, employees, and branches in Jordan will be transferred to SGBJ
, with the transaction set for completion over the coming months.
First Abu Dhabi Bank (FAB) signed an agreement on Thursday with Socit Gnrale de Banque - Jordanie (SGBJ
), to sell its National Bank of Abu Dhabi (NBAD) Jordan business operations to SGBJ
, including the transfer of employees and relevant suppliers' contracts.
The employees gathered their efforts in all of SGBJ's branches to make this day a success, and to provide support to KHCC and KHCF.
SGBJ's General Manager, Mr.Nadim Abaouat, when meeting with HRH Princess Dina Mired, assured that this initiative demonstrates SGBJ's interest in social and humanitarian issues and that the bank is dedicated to support the society as it is committed to offer the best banking services for its clients, believing that private sector institutions play a major role in offering support to the society.
"We at SGBJ are strong believers and supporters of the road safety issue, which is facing the Jordanian society at large.
"We're looking forward to start our work with the support of SGBJ on Mecca Street.