Capital Bank of Jordan (ASE:EXFB) signed a letter of intent to acquire the Iraq and Jordan Units from Bank Audi sal (BDB:AUDI) on September 13, 2020. Capital Bank of Jordan (ASE:EXFB) signed a definitive agreement to acquire the Iraq and Jordan Units from Bank Audi sal (BDB:AUDI) on December 29, 2020. A binding offer is expected by end of October 2020 which is subject to the results of the due diligence investigation.

The transaction has received initial approval from both monetary authorities. As of December 29, 2020 the transaction remain subject to the receipt of the final approval of the related supervisory and regulatory authorities.