Bank al Etihad Enters UAE Market via ADGM Bank With Ethmar Holding
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Amman and Abu Dhabi – September 24, 2026 -- Bank al Etihad, one of Jordan's largest banks, has signed a Memorandum of Understanding with Abu Dhabi-based Ethmar International Holding (EIH) and other UAE investors to establish a new bank in Abu Dhabi Global Market (ADGM), marking the Jordanian lender's first entry into the United Arab Emirates.
New ADGM entity to operate under a Category 1 banking license
The proposed bank will hold a Category 1 banking license within ADGM and fall under the supervision of the Financial Services Regulatory Authority (FSRA), while also complying with regulatory requirements in both the UAE and Jordan. The launch remains subject to obtaining all necessary official approvals.