Quds Bank (PLSE:QUDS) entered into an agreement to acquire branches in Palestine from Jordan Kuwait Bank (ASE:JOKB) on June 28, 2018. As part part of consideration, Jordon Kuwait Bank will acquire 10% of Quds Bank's capital. As of July 26, 2018, shareholders of Quds Bank approved the transaction. Sanad Capital in collaboration PricewaterhouseCoopers provided financial and technical advice to Quds Bank and Jordan Kuwait Bank.

Quds Bank (PLSE:QUDS) completed the acquisition of branches in Palestine from Jordan Kuwait Bank (ASE:JOKB) for JOD 35.2 million on August 22, 2018. Under the terms of the transaction, the cash portion of the transaction that was paid amounted to JOD 23.7 million in addition to 8.357 million shares representing 10% of Quds Bank's paid-up capital, entitling Jordan Kuwait Bank a representative on Quds Bank's Board of Directors.