Foursan Group Announces Investment in Jordan Dubai Islamic Bank (MENA)

Source: Foursan Group

Middle Eastern private equity firm Foursan Group has invested an undisclosed amount in Jordan Dubai Islamic Bank (JDIB), a Jordanian Islamic bank listed on the Amman Stock Exchange. Founded in 2010, JDIB currently has 12 branches in three Jordanian cities. The investment was made through Foursan Capital Partners I, a US$100 million fund focused on the Levant and North Africa.