Foursan Group successfully exited its investment in Jordan Dubai Islamic Bank, selling its stake to Bank Al-Etihad amidst significant growth and market expansion.

Information on the Target

Jordan Dubai Islamic Bank (JDIB) is a leading Islamic banking institution operating in Jordan and is listed on the Amman Stock Exchange. As a key player in the financial industry, JDIB has established itself as a premier provider of Islamic banking services, adhering to Sharia principles while offering a diverse range of financial products.

Since its inception, JDIB has demonstrated significant growth, positioning itself as a market leader in the Islamic banking sector. The bank’s commitment to innovation and customer service has allowed it to capture a substantial market share and enhance its overall operations.

Industry Overview in Jordan

The Jordanian banking sector is characterized by a blend of conventional and Islamic banks, with the latter gaining increasing traction among the population. The growth of Islamic