AstroBank Limited entered into an agreement to acquire The Branch Business of AJIB Bank in Cyprus from Arab Jordan Investment Bank (ASE:AJIB) dated February 28, 2020. All the required applications for the completion of the acquisition have been submitted to the competent authorities of Cyprus with the transaction having already received approval from the Competition Authority, while the Central Bank of Jordan has already approved the transaction. The transaction is expected to be completed within the first half of 2020. AstroBank Limited cancelled the acquisition of The Branch Business of AJIB Bank in Cyprus from Arab Jordan Investment Bank (ASE:AJIB) on August 6, 2020.