Press Releases

Industrial Development Bank's Capital Increase Completed

Date: 
18/01/2009

Amman, January 2009 – The completion of the private placement of 26 million shares of Industrial Development Bank (IDB) - valued at USD 100 million – was recently announced,

Jordan Dubai Capital receives Arabian Business' Best Investment Company Award

Date: 
01/11/2008

Amman, November 2008 – Jordan Dubai Capital (JD Capital) was awarded the "Best Investment Company" award at the 2008 Arabian Business Achievement Awards ceremony held under the patronage

JDC Supports Amman Municipality in the “Kulluna Ahl” Initiative

Date: 
30/09/2008

In accordance with HM King Abdullah II's directions to assist needy community groups, and in line with the company’s commitment to contributing to the improvement of citizens’ standards of

Industrial Development Bank to Become Jordan Dubai Islamic Bank

Date: 
15/09/2008

Amman, September 15, 2008: A signing ceremony took place at the Four Seasons Hotel in Amman today announcing the acquisition of 52 per cent of the Industrial Development Bank (IDB) and the plans

JD Capital Launches Support Fund to Protect Jordan's Forests

Date: 
03/09/2008

Amman, September 2008 – Jordan Dubai Capital (JD Capital) announced the launch of a support fund, contributed to by JD Capital's subsidiary companies' own personnel, that is aimed at protecting Jordan's forests and backing the national reforestation efforts.

DIB, Dubai Int’l Capital, and JDC set to acquire controlling stake in Industrial Development Bank of Jordan

Date: 
28/08/2008

Amman, August 28th, 2008: Dubai Islamic Bank (DIB), Dubai International Capital (DIC), and Jordan Dubai Capital (JDC), announced today that a strategic investment in Industrial Development

Kingdom Electricity Company Hosts Grand Lunch on EDCO and IDECO's Privatization

Date: 
07/08/2008

Amman, Jordan (August 2008) – On the occasion of the finalization of the privatization of the Electricity Distribution Company (EDCO) and 55.4% of Irbid District Electricity Company (IDECO), Kingdom Electricity Company (KEC) who acquired the government's shares in both institutions, organized a prominent lunch at the HMK Hussein's Club in the presence of highly prominent figures in the government and private sectors, as well as key personnel in the Jordanian electricity sector.

Jordan Dubai Energy and Infrastructure is Guiding a 104 Million Dollar Deal

Date: 
02/07/2008

Kingdom Electricity Signs Agreement to Finalize Acquisition of 100% of Electricity Distribution Company and 55.4% of Irbid District Electricity Company

 

Kingdom Electricity Signs Agreement to Finalize Acquisition of 100% of Electricity Distribution Company and 55.4% of Irbid Distr

Date: 
02/07/2008

Amman, July 2008 – The agreement to sell 100% of the government’s shares in the Electricity Distribution Company (EDCO) and 55.4% of Irbid District Electricity Company (IDECO) to Kingdom Electricity Company at a total value of $104 million was concluded yesterday.

Jordan Dubai Capital Participates in 2nd Public Private Partnerships MENA Summit

Date: 
01/07/2008

Amman, Jordan (June 2008) – Stemming from its belief in the essential role public-private partnerships play in the development of societies and nations, Jordan Dubai Capital (JD Capital) participated