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Representing the Bank
H.E. Mr. Shihadeh receives the Investments Pioneers Shield
From H.R.H Prince Faisal

As a part of the honoring ceremony patronized by H.R.H. Prince Faisal and organized by the National Program for the Special Initiatives at Dunes Club for the pioneers of initiatives and special achievements, within the public and the private sectors that implement qualitative projects, H.E. Mr.Musa Shihadeh, Vice-Chairman & General Manager, received the Investment Pioneers Shield on behalf of the Bank.

In this context, it is worth mentioning that the Bank has achieved JD 20.2 million as a net profit before tax for the period ended Dec. 2005 compared to JD 4.76 million for the past year recording an increase of JD 15.44 million. Such increase represents a growth of 324.4% which is the highest since the Bank's establishment.

The Bank's distinguished success achieved during the last year reflects the Bank's success in implementing Islamic banking polices and solutions that comply with Islamic Banking Developments, Mr. Shihadeh said. The Bank maintained its position among the local market through increasing its financing activities and attracting new dealers of the financial and investment tools that are run according to Islamic Sharia, He added.

He declared that the returns of the investments, financing and investment portfolios increased from JD 36.16 million in 2004 to JD 53.4 million in 2005 recording a growth of 47.7% reflecting the Bank's success in presenting its solutions to its clients.