In a landmark merger, the United Financial Investments Company (UFICO) proudly announces the successful completion of its strategic merger with EFG Hermes Jordan, The Arab Investment Company, and Al Mawared Brokerage. This merger, one of the largest in the Kingdom, underscores UFICO’s commitment to delivering cutting-edge financial solutions across multiple sectors, while streamlining operations, optimizing resource allocation, boosting investment efficiency, and enhancing client satisfaction.

Throughout the merger process, UFICO has prioritized a smooth transition of client accounts and expanded its service offerings. By integrating the strengths of each merged entity, UFICO has positioned itself to significantly elevate the investment experience for its clients.

Mr. Zaid Nassif, CEO of UFICO, expressed his excitement about this major milestone, stating, "We are proud to announce the successful completion of this carefully orchestrated process, ensuring a seamless transition for all clients. This merger enables us to offer a unified, efficient investment experience and grants our clients greater access to our expanded services." He further highlighted that all client accounts are now consolidated under UFICO’s umbrella, marking a critical step in improving service quality and offering a more diverse range of investment solutions.

On the topic of financial mergers, Mr. Khaled Zakaria, the Chairman of UFICO explained, "A financial merger is the consolidation of two or more financial institutions into a new entity. Such mergers aim to fuel growth, expand market reach, enhance operational efficiencies, or capitalize on new opportunities. In our case, we have successfully merged these benefits with a forward-looking vision to raise service standards and secure a more prosperous financial future for our clients."

It’s worth noting that UFICO is a leading financial services and brokerage firm in Jordan, renowned for its use of advanced technologies and direct electronic connections to global financial markets. Since 2002, UFICO has been a subsidiary of Jordan Kuwait Bank, which holds the majority share of its capital.