INVESTBANK Subsidiary TAMKEEN Leasing Acquires Majority Stake in Bindar Trading and Investment Co.

Thursday, December 14, 2017

As part of its continued efforts to meet the needs of the local market and adapt to the growing financial needs of individuals and SMEs, INVESTBANK’s subsidiary TAMKEEN Leasing Company recently acquired a 92 percent stake in Bindar Trading and Investment Co., whose capital totals JOD 20 million.

Bindar was founded in 2000 and was listed on the Amman Stock Exchange in 2004 to be among the first publicly traded companies in the field of individual and SME financing. Soon after its inception, the company’s network expanded to include five branches strategically located around the Kingdom.

Commenting on the acquisition, INVESTBANK CEO Muntaser Dawwas said: “This step falls within our strategy to adapt to the ever-growing needs of the local market and to make careful and strategic investments that deliver measurable added value to our target consumer demographics.”

“The acquisition of a majority stake in Bindar will allow us to broaden the scope of our services in the local market by servicing a wider range of individual, commercial and economic sectors, and to provide a more diverse product portfolio in terms of financial leasing, Islamic financing, and SME financing,” commented the General Manager of TAMKEEN Leasing Company, Jamal Fariz.

ASE Summary as of 22/01/2018


Points % Chg
General 2153.86 0.25
Financial 2907.49 0.18
Services 1464.23 0.05
Industrial 2263.79 0.55


Value Traded (JD) %
Financial 17,331,535 89.85
Services 627,129 3.25
Industrial 1,329,967 6.90
Total 19,288,631 100.00


Symbol Last % Chg
MSKN 3.18 4.95
WOOL 2.15 4.87
JDFI 5.34 4.70
TRUK 0.69 4.54
PHNX 0.29 3.57


Symbol Last % Chg
JEDI 0.38 -5.00
MANS 0.76 -5.00
ENTK 0.80 -4.76
MHFZ 0.62 -4.61
JOIT 0.68 -4.22


Value Traded (JD) %
MSKN 15,142,985 78.51
AMON 521,167 2.70
WOOL 487,941 2.53
JOPH 417,280 2.16
SPIC 293,190 1.52
Total 16,862,563 87.42

Annual Reports

Flash Note - ASE- 2017 Performance

January 11, 2018

Flash Note - INVESTBANK Subsidiary TAMKEEN Leasing Acquires Majority Stake in Bindar Trading and Investment Co

December 14, 2017