Jordan Kuwait Bank (ASE:JOKB) agreed to acquire a 51.79% stake in Bank of Baghdad from Burgan Bank K.P.S.C. (KWSE:BURG) on June 26, 2022. Jordan Kuwait Bank board approved the transaction.

Jordan Kuwait Bank (ASE:JOKB) completed the acquisition of a 51.79% stake in Bank of Baghdad from Burgan Bank K.P.S.C. (KWSE:BURG) on January 10, 2023.