Jordan Kuwait Bank : Disclosure (JOKB) 2023 01 10

JORDAN KUWAIT BANK

To: Jordan Securities Commission,	ﺔﻴﻟﺎﻤﻟﺍ ﻕﺍﺭﻭﻻﺍ ﺔﺌﻴﻫ ﺓﺩﺎﺴﻟﺍ
Amman Stock Exchange	ﻥﺎﻤﻋ ﺔﺻﺭﻮﺑ ﺓﺩﺎﺴﻟﺍ
Company's Name: JORDAN KUWAIT BANK	ﻲﺘﻳﻮﻜﻟﺍ ﻲﻧﺩﺭﻻﺍ ﻚﻨﺒﻟﺍ :ﺔﻛﺮﺸﻟﺍ ﻢﺳﺍ
Date: 10-01-2023 10:30:32 AM	AM 10:30:32 2023-01-10 :ﺦﻳﺭﺎﺘﻟﺍ
Subject: Acquiring Significant Share in Bank of Baghdad	ﻑﺮﺼﻣ ﻝﺎﻣ ﺱﺃﺭ ﻦﻣ ﺓﺮﺛﺆﻣ ﺔﺼﺣ ﻰﻠﻋ ﺫﺍﻮﺤﺘﺳﻹﺍ :ﻉﻮﺿﻮﻤﻟﺍ
	ﺩﺍﺪﻐﺑ
Reference to Jordan Kuwait Bank disclosure dated June 26	ﻥﺍﺮﻳﺰﺣ 26 ﺦﻳﺭﺎﺗ ﺏ ﻲﺘﻳﻮﻜﻟﺍ ﻲﻧﺩﺭﻷﺍ ﻚﻨﺒﻟﺍ ﺡﺎﺼﻓﺇ ﻰﻟﺍ ﺓﺭﺎﺷﻹﺎﺑ
th, 2022 on its Board of Directors' decision to proceed	ﺀﺍﺮﺷ ﺕﺍﺀﺍﺮﺟﺈﺑ ﺮﻴﺴﻟﺍ ﺭﺍﺮﻗ ﻪﺗﺭﺍﺩﺇ ﺲﻠﺠﻣ ﺫﺎﺨﺗﺇ ﻝﻮﺣ 2022
with the acquisition of an influential stake in Bank of	ﻰﻟﺍ ﺎﻬﺘﻴﻜﻠﻣ ﺩﻮﻌﺗ ﻲﺘﻟﺍﻭ ﺩﺍﺪﻐﺑ ﻑﺮﺼﻣ ﻝﺎﻣ ﺱﺃﺭ ﻲﻓ ﺓﺮﺛﺆﻣ ﺔﺼﺣ
Baghdad paid-up, which is owned by Burgan Bank, we	ﻚﻨﺒﻟﺍ ﺔﻘﻓﺍﻮﻣ ﻰﻠﻋ ﻚﻨﺒﻟﺍ ﻝﻮﺼﺤﺑ ﻢﻜﻣﻼﻋﺇ ﺩﻮﻧ ،ﻥﺎﻗﺮﺑ ﻚﻨﺑ
would like to inform you that the Bank obtained Central	ﺀﺍﺮﺸﺑ ﻡﺎﻴﻘﻟﺍ ﻰﻠﻋ ﻲﻗﺍﺮﻌﻟﺍ ﻱﺰﻛﺮﻤﻟﺍ ﻚﻨﺒﻟﺍﻭ ﻲﻧﺩﺭﻷﺍ ﻱﺰﻛﺮﻤﻟﺍ
Bank of Jordan and the Central Bank of Iraq approvals on	ﺓﺮﺘﻓ ﻝﻼﺧ ﺀﺍﺮﺸﻟﺍ ﺔﻴﻠﻤﻋ ﺬﻴﻔﻨﺗ ﻊﻗﻮﺘﻤﻟﺍ ﻦﻣﻭ ،ﻩﻼﻋﺃ ﺔﺼﺤﻟﺍ
this transaction, and expected to be executed shortly.	.ﺓﺮﻴﺼﻗ
Jordan Kuwait Bank intends - upon obtaining regulatory	ﻰﻠﻋ ﻝﻮﺼﺤﻟﺍ ﺪﻌﺑﻭ - ﻲﺘﻳﻮﻜﻟﺍ ﻲﻧﺩﺭﻷﺍ ﻚﻨﺒﻟﺍ ﻡﺰﺘﻌﻳﻭ ﺍﺬﻫ
approvals - to issue Tier 1 capital bonds (additional	ﻝﻭﻷﺍ ﻖﺸﻟﺍ ﻝﺎﻤﻟﺍ ﺱﺃﺭ ﺕﺍﺪﻨﺳ ﺭﺍﺪﺻﺇ - ﺔﻴﺑﺎﻗﺮﻟﺍ ﺕﺎﻘﻓﺍﻮﻤﻟﺍ
capital) with a maximum amount of JD 85 million (or its	ﺎﻣ ﻭﺃ ﻲﻧﺩﺭﺃ ﺭﺎﻨﻳﺩ ﻥﻮﻴﻠﻣ 85 ﻰﺼﻗﺃ ﺪﺤﺑ (ﻲﻓﺎﺿﻹﺍ ﻝﺎﻤﻟﺍ ﺱﺃﺭ)
equivalent in US Dollars), noting that these bonds will be	ﻚﻠﺗ ﻒﻴﻨﺼﺗ ﻢﺘﻴﺳ ﻪﻧﺄﺑ ﺎﻤﻠﻋ ،ﻲﻜﻳﺮﻣﻷﺍ ﺭﻻﻭﺪﻟﺎﺑ ﺎﻬﻟﺩﺎﻌﻳ
classified within the additional capital AT1.	. AT1 ﻲﻓﺎﺿﻹﺍ ﻝﺎﻤﻟﺍ ﺱﺃﺭ ﻦﻤﺿ ﺕﺍﺪﻨﺴﻟﺍ
This step comes as part of Management's strategy to	ﺰﻳﺰﻌﺘﺑ ﻚﻨﺒﻟﺍ ﺓﺭﺍﺩﺇ ﺔﻴﺠﻴﺗﺍﺮﺘﺳﻹ ﺍﺬﻴﻔﻨﺗ ،ﺓﻮﻄﺨﻟﺍ ﻩﺬﻫ ﻲﺗﺄﺗﻭ
enhance the Bank's performance and financial position, in	ﻮﺤﻧ ﻰﻠﻋ ﺎﻴﻤﻴﻠﻗﺇ ﻊﺳﻮﺘﻟﺍ ﻰﻟﺍ ﺔﻓﺎﺿﻹﺎﺑ ،ﻲﻟﺎﻤﻟﺍ ﺰﻛﺮﻤﻟﺍﻭ ﺀﺍﺩﻷﺍ
addition to expanding regionally, contributing towards a	ﺡﺎﺼﻓﻹﺍ ﺍﺬﻫ ﻲﺗﺄﻳﻭ .ﻚﻨﺒﻟﺍ ﺕﺍﺩﺍﺮﻳﺇ ﺭﺩﺎﺼﻣ ﻊﻳﻮﻨﺘﺑ ﻢﻫﺎﺴﻴﺳ
diversification in the Bank's revenue sources.	ﺡﺎﺼﻓﻻﺍﻭ ﺔﻴﻓﺎﻔﺸﻟﺍ ﺕﺎﻳﻮﺘﺴﻣ ﻰﻠﻋﺄﺑ ﻚﻨﺒﻟﺍ ﻡﺍﺰﺘﻟﺍ ﻰﻠﻋ ﺪﻴﻛﺄﺘﻠﻟ
This disclosure aims to confirm the Bank's commitment to	.ﺔﻘﻔﺼﻟﺍ ﻩﺬﻬﺑ ﺔﻘﻠﻌﺘﻤﻟﺍ ﺕﺍﺪﺠﺘﺴﻤﻟﺍ ﻦﻋ
the highest levels of transparency and we will be
disclosing any developments related to this transaction.
The Board of Directors authorized the Bank's Chief
Executive Officer to proceed with the procedures related
to the aforementioned acquisition.
Please accept our sincere thanks and appreciation.	.ﻡﺍﺮﺘﺣﻻﺍ ﻖﺋﺎﻓ ﻝﻮﺒﻘﺑ ﺍﻮﻠﻀﻔﺗﻭ
Chairman of Board of Directors	ﺓﺭﺍﺩﻹﺍ ﺲﻠﺠﻣ ﺲﻴﺋﺭ
User Name: Ala Y. J. Hijazin	Ala Y. J. Hijazin :ﻡﺪﺨﺘﺴﻤﻟﺍ ﻢﺳﺍ

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