Fitch withdraws ratings for Arab Jordan Investment Bank
International rating agency Fitch Ratings has withdrawn its short-term 'B' and long-term 'B+' ratings for the Jordanian-based Arab Jordan Investment Bank at the request of the bank's management.
AJIB was founded in 1978 to become the first investment bank in Jordan. AJIB was originally founded by Jordanian individuals, holding 50 percent of the bank’s shares, and the remainder by Jordanian and other Arab financial institutions. The bank's network of branches covers the main cities of Jordan, with an international banking unit operating from Limassol, Cyprus. — (menareport.com)
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