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SuperFly2002

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Posts posted by SuperFly2002

  1. 35 minutes ago, Super said:

    A bit about the Al-Qadi Families business:

    ABDULKADER AL-QADI FAMILY

    PROMINENT INDIVIDUALS: Abdulkader Abdullah al-Qadi, Chairman of the Arab Jordan Investment Bank PLC (AJIB), Hani Abdulkader al-Qadi, AJIB CEO and General Manager.

    MAIN SECTORS: Banking and tourism.

    WHY THEY MATTER: With its takeover of HSBC’s assets in Jordan, AJIB has become a banking force to be reckoned with.

    Abdulkader Abdullah al-Qadi started his career in Qatar, where he acted as a financial adviser to senior officials. He then came back to Jordan to establish the Arab Jordan Investment Bank (AJIB) in 1978. 

    AJIB has a banking arm based in Qatar, the Arab Jordan Investment Bank (Qatar) L.L.C., which was founded in 2006 to serve clients in the Gulf region. It also has two subsidiaries; the United Arab Jordan Company for Investment and Financial Brokerage and the Arab Advisors Group, a research and consulting company.

    Abdulkader al-Qadi is a main shareholder with 17.6 percent. His sons—Hani, Samer, and Wael—are also prominent shareholders with combined shares of 13.5 percent. The bank’s growing importance in Jordan’s banking sector is clear with the list of shareholders including the Libyan Foreign Bank (12.79 percent), the Arab Investment Company (10.25 percent), Sheikh Hamad bin Jassim bin Jaber Al Thani (9 percent), and Jordan’s Social Security Corporation (4 percent).

    AJIB’s investment capabilities have contributed to its growth locally and regionally. A major new $1.2 billion deal to acquire HSBC bank’s assets in Jordan proved the bank is a powerhouse and a force to be reckoned with.  

    Following the agreement, AJIB decided to raise the bank’s capital to JD150 million, from JD100 million. Under the takeover plan, which is due to be completed by May-June of this year, AJIB will take on HSBC’s 36,000 retail and 2,000 corporate customers, as well as most of the bank’s 250 full-time employees. 

    Commenting on the deal, Hani al-Qadi said the acquisition was part of AJIB’s growth strategy, and the business acquired complemented the bank’s existing product line and consolidated its market share in the Jordanian market.

    Abdulkader al-Qadi and his sons are also major shareholders in the Mediterranean Tourism Investment company which owns the lavish Four Seasons Hotel Amman. Abdulkader al-Qadi is the company’s chairman.

  2. 13:29

    Bristol Rovers have confirmed they have been taken over by the Jordanian Al-Qadi family. 

     

    Wael Al-Qadi will become president of the club.

     

    The family have taken a 92 per cent shareholding in the League Two club. 

     

    Former Swansea City chairman Steve Hamer is Rovers' new chairman, with Nick Higgs standing down.

     

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