2023-02-04 - السبت
“ The Housing Bank Group’s Net Profit for 2022 Increased by 20.2% over Previous Year, Recommending a Cash Dividend of 25% of the Share Nominal Value “ ARAB BANK GROUP REPORTS NET PROFITS OF $544.3 MILLION FOR 2022, 25% CASH DIVIDENDS LIFESTYLE BRAND CORE NAMED TITLE SPONSOR OF THE FORMULA E 2023 CORE DIRIYAH E-PRIX Jordanian Phosphate and the Omani Investment Authority are discussing joint cooperation The king discusses by telephone with the Sultan of Oman bilateral relations A royal will approving an amendment to Dr. Al-Khasawneh's government Sponsored by the President of the Jordan and Amman Chambers of Industry Crown Prince receives Egypt president upon arrival in Jordan The President of the University of Jordan, Dr. Nazir Obeidat, decided to cancel the university's sixtieth anniversary party, in mourning for the souls of the martyrs of Public Security. The Armed Forces mourn the martyrdom of three employees of the Public Security Directorate The Public Security Directorate announced the martyrdom of Colonel Abdel-Razzaq Abdel-Hafez Al-Dalabeh, Deputy Police Director of Ma'an Governorate The Public Security Directorate announced the martyrdom of Colonel Abdel-Razzaq Abdel-Hafez Al-Dalabeh, Deputy Police Director of Ma'an Governorate Attempt to smuggle 200k Captagon tablets, 2.5 kg crystal meth foiled The Moroccan national team meets its French counterpart in the World Cup semi-finals tonight Regulating Communications: Fifth Generation Networks are a driver of digital transformation Memorandum of understanding between Jordan and Britain in the field of cyber security 27 immigrants, including children, die of thirst in the Chadian desert Argentina to the World Cup final Jordan chairs 25th Arab Ministerial Tourism Council meeting A joint Jordanian-Algerian statement at the end of the King's visit to Algeria

Arab Bank – the First Bank in Jordan to Establish a Sustainable Finance Framework

Arab Bank – the First Bank in Jordan to Establish a Sustainable Finance Framework
Nayrouz News Agency :

As part of Arab Bank’s efforts towards integrating Sustainability into its operations, the Bank has launched its inaugural Sustainable Finance Framework, which will support its sustainability commitments and environmental, social and governance ("ESG”) priorities. 
Arab Bank is the first financial institution in Jordan to issue such a Framework, which is aligned with the four core components of the Green Bond Principles 2021 ("GBP”), Social Bond Principles 2021 ("SBP”) and Sustainability Bond Guidelines 2021 ("SBG”) published by the International Capital Market Association ("ICMA”), as well as the Green Loan Principles 2021 ("GLP”) and Social Loan Principles 2021 ("SLP”) published by the Loan Market Association ("LMA”). 
The Bank has obtained a Second Party Opinion from S&P Global Ratings which has affirmed the Framework’s alignment with the aforementioned ICMA and LMA principles.
Arab Bank intends to use the Framework as the basis to issue sustainable debt instruments to advance projects that will contribute to climate action, employment generation as well as support the United Nations Sustainable Development Goals ("SDGs”). 
Commenting on the launch of the Framework, Ms. Randa Sadik – Arab Bank’s CEO said: "We are delighted to have published our Sustainable Finance Framework and Second Party Opinion from S&P Global Ratings. This is yet another significant milestone in our Sustainability journey and a testament to Arab Bank’s efforts towards supporting the ESG agenda and creating a positive impact in Jordan, the MENA region and wherever we operate.” 
It is worth mentioning that Arab Bank was the first bank in Jordan and among the first financial institutions in the region to issue GRI based Sustainability reports annually. 
To view Arab Bank Sustainable Finance Framework, please click on: