(Amman, March - 2024) The General Assembly of the shareholders of Bank of Jordan held its meeting on Thursday, March 21, 2024, at 1:00 PM via audiovisual communication. This was in accordance with the provisions of Article (6/b) of the Jordanian Companies Law No. (22) for 1997 and its amendments, the instructions for adopting electronic means for company-related procedures for 2021 issued under Article (6) of the aforementioned Companies Law, and the instructions for supervising the implementation of procedures related to holding the General Assembly meetings of public shareholding companies for 2017 and its amendments.

The meeting was chaired by His Excellency Mr. Shaker Fakhouri, Chairman of the Board of Directors of Bank of Jordan, with the presence of the Board members, the General Manager of the Bank, and shareholders holding "in person or by proxy" shares, constituting 76.2% of the capital. The session was also attended by His Excellency the General Supervisor of Companies, representatives of the Central Bank of Jordan, a representative of the Palestinian Monetary Authority, and delegates from the Bank's auditors " Deloitte & Touche."

In the context of discussing the Bank's performance for 2023 and its future plan, Mr. Fakhouri provided a summary of the Bank's results, emphasizing that the Bank continued to implement its strategy aimed at achieving growth and innovation, which contributes to realizing sustainable value and results for its shareholders and clients. The Group achieved growth in the net profit attributable to the Bank's shareholders by 9.7% compared to 2022, reaching 44 million JOD. Net operating income from interest and commissions grew by 16% to record 159.2 million JOD, and total income increased to 167.5 million JOD with a growth rate of 13.3% compared to 2022. The Bank maintained a strong capital base and solidity in its financial position, where the shareholders’ equity amounted to about 524 million JOD, and the capital adequacy ratio recorded 21.4%. The return on shareholders' equity was 8.4%, and the return on assets was 1.5%, among the best banking sector levels.

Mr. Fakhouri added that the bank worked on diversifying its investments and thoughtfully expanding within high-credit-quality portfolios. Consequently, the securities portfolio increased by 10.3% to reach 403.4 million JOD, and the net credit facilities portfolio registered about 1.4 billion JOD. In addition, customer deposits rose by 7.6% to record approximately 2.2 billion JOD.

Mr. Fakhouri emphasized that they are committed to developing and enhancing performance to achieve the Bank's leading position at local and regional levels. They strive diligently to create added value for their shareholders and offer high-quality services and exceptional customer experiences while implementing digital transformation plans and expanding their business in regional countries experiencing growth and promising opportunities. They also pay special attention to enhancing their human capital by attracting talents and energies, and they work hard to build a strong future for the Bank of Jordan, advancing confidently towards success and distinction.

The Bank's General Assembly approved the Board of Directors' report, the Bank's financial statements for 2023, and the future plan for 2024. The General Assembly also agreed to distribute dividends to shareholders at 18% of the nominal value of shares, amounting to 36 million JOD. Furthermore, the General Assembly ratified the appointment of ALYAMAMA FOR GENERAL INVESTMENTS as a member of the Board of Directors, replacing the resigned member.

In conclusion, Mr. Shaker Fakhouri expressed his sincere thanks and appreciation to the members of the Board of Directors for their constant care, dedication, and effective support in achieving the accomplishments and enhancing the stature of Bank of Jordan Group. He also thanked the shareholders and customers for their steadfast trust in the bank. He extended his gratitude to the executive management team and all the bank's employees for their efforts and dedication to achieving success and enhancing our position in the markets where we operate. He also thanked and appreciated all national institutions, especially the Central Bank of Jordan and the Ministry of Industry and Trade, for supporting the economic sectors under the auspices of His Majesty King Abdullah II bin Al-Hussein.