Bank Al Etihad to Enter UAE Market via Partnership with Ethmar International Holding
Bank al Etihad, one of Jordan's largest banks, has announced its entry into the United Arab Emirates through a strategic partnership with Abu Dhabi-based Ethmar International Holding (EIH) and other local investors. The collaboration involves signing a Memorandum of Understanding to establish a new bank in Abu Dhabi Global Market (ADGM), operating under a Category 1 banking license. The initiative is part of Bank al Etihad's broader regional growth strategy, leveraging over five decades of experience to expand its presence beyond Jordan and Iraq into one of the world’s leading financial centers. The proposed bank will facilitate cross-border business operations for corporate, institutional, and high-net-worth clients while adhering to regulatory standards in both the UAE and Jordan. Bank al Etihad has a strong regional footprint with total assets nearing JOD 11 billion and equity around JOD 1 billion. Ethmar International Holding is focused on creating value through strategic investments that connect local opportunities with international markets.
Topics: banking expansion Jordan partnership UAE