The Bank has a diversified institutional shareholding structure. The Jordan Social Security Corporation, which represents the country’s pension fund and is the largest Jordanian institutional investor, is the single largest shareholder. The five largest shareholders are as shown below. Approximately 40% of the Bank’s shares are freely traded on the Amman Stock Exchange.

Social Security Corporation (Nationality: Jordan) - 9.6%
Mr. Waleed El Bittar (Nationality: Jordan) – 9.1 %
Spumante Comercio International (Nationality: Portugal) – 6.7%
Mr. Ali Al Husry (Nationality: Jordan) – 6.4%
Mr. Mohammed Musaed Al Seif (Nationality: Saudi Arabia) – 6.0%
Total – 37.8%

The project comprises an IFC investment of up to $50 million, consisting of an equity investment of up to 9% in the Bank’s common share capital, and a long term loan of up to $20 million.

50.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	15.0
Equity	35.0

* These investment figures are indicative

The Bank is headquartered in Amman and has a network of seven branches in Jordan.

The project will assist CAP to expand its business, thus providing greater access to financing for corporations, SMEs and individuals, essential to achieve development and higher standards of living. It will also support the Bank’s expansion plans in housing finance.

IFC is expected to provide long-term funding which is not available through alternative sources. In addition, the Bank is expected to work with IFC’s advisory services for product development in housing finance and SME banking. IFC is also expected to provide advisory services for strengthening its corporate governance and risk management procedures.

This project has provisionally been classified as a Category FI project according to IFC’s Environmental and Social Review Procedure. During appraisal, IFC will analyze the FI portfolio, for types of transactions, size, tenor and industry sectors and determine the Applicable Performance Requirements, if any, that would include a combination of:

- The IFC FI Exclusion List; and/or
- The applicable National Social and Environmental Laws and regulations; and/or
- The IFC Performance Standards.

IFC will also review, if required, the capacity of the FI to manage social and environmental risks and to establish and maintain a Social & Environmental Management System (SEMS). If required, IFC will suggest Supplemental Actions to address any gaps in the SEMS.

Based on the review, the project will be required to:

- Develop an, or upgrade, if necessary, any existing Social & Environmental Management System (SEMS), prior to disbursement to the satisfaction of IFC;
- Identify responsible, qualified persons to manage and implement the SEMS;
- Commit to implement the SEMS, to ensure that its investments/activities are in compliance with the Applicable;
- Performance Requirements;
- Submit a periodic report to IFC as per a format to be provided by IFC.