Arab Jordan Investment Bank receives licence in Qatar Financial Centre

Notes and media contacts

For further information please contact
Mr Nasser Tarawneh, Head of Investment Banking for AJIB, tel +9626 5671176

1. AJIB
The Arab Jordan Investment Bank (AJIB) is a leading investment and private bank in Jordan, offering investment banking and commercial banking products that meet the needs of the commercial and private high net worth individuals in Jordan and the region.
AJIB was founded on February 2, 1978, by Jordanian individuals and institutions including, the Libyan Arab Foreign Bank (Tripoli), Abu Dhabi Investment Authority (Abu Dhabi), National Commercial Bank (Jeddah), Qatar National Bank (Doha), and the Arab Investment Company (Riyadh). Over the past twenty-five years the Bank grew to become a leader in investment banking activities offering corporate finance services including mergers and acquisitions advisory and underwriting, sales and trading, project finance, transaction advisory and equity research.

The Bank focuses on developing and maintaining deep-rooted business ties with individuals, corporations, financial institutions, governments and institutional investors worldwide.

2. Qatar Financial Centre
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and other related businesses and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC will operate to international standards and provide a first class legal and business infrastructure for those doing business within the QFC. The QFC was created by QFC Law No.(7) of Qatar and has been open for business since 1 May 2005 and is now receiving applications.

3. QFC Regulatory Authority
The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorise, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modeled closely on that used in London and other major financial centres.