International Cards Company (ICC) announced on Thursday, February 23, 2006 its strategic partnership with International Brokerage and Financial Markets Company (IBFM) and a group of other investors. This puts ICC's capital at JD 10 million. This partnership will support the company in providing even higher quality services to its current and future clients, as well as extending products and services to include a comprehensive selection of alternate financial solutions.
The partnership is set to contribute to the development of IBFM business and services on both a local and regional level. It will entitle its clients to automatically obtain an ICC MasterCard credit card as the initial benefit of this distinguished partnership, and as the first step towards providing its clients with high end integral financial services.
Under this new partnership, IBFM will provide consultancy services – as the Underwriter to transform ICC into a public shareholding company.
Mr. Khalil Al-Alami, deputy general manager of ICC, said: "We are pleased to have established the mutually beneficial and constructive partnership with IBFM. The company was able to prove itself in acquiring people’s trust in the local market within a short period of time. This new partnership will contribute to expanding our client portfolio and positively reflect on the revenues and profits of ICC. It will also open doors for us to offer an expanded selection of innovative and creative services.”
Commenting on this partnership Mrs. Maha Hammad, deputy general manager of IBFM, said: “ICC works in an alternate and complementing financial field, this strategic move will enable us to provide integrated solutions for our clients. We strongly believe this partnership will provide a win-win situation for both parties. We believe that ICC has vast and advanced capabilities as well as a very high potential for growth.”
ICC is a Principle Member of MasterCard International. Since its establishment in 1999, ICC expanded to be one of the leading financial establishments in the MasterCard International Network, and the only company in Jordan providing comprehensive MasterCard services. ICC services a large group of reputed individuals and companies from different sectors and backgrounds. No card is more accepted than MasterCard at over 24 million locations worldwide.
ICC expanded its product base in 2004 to become the Super Agent for MoneyGram International, an instant money transfer company, with the authority to establish and grant sub-agents in Jordan.
International Cards Company (ICC)
ICC is a Principle Member of MasterCard International. Since its establishment in 1999, ICC expanded to be one of the leading financial establishments in the MasterCard International Network, and the only company in Jordan providing comprehensive MasterCard services. ICC expanded its product base in 2004 to become the Super Agent for MoneyGram International, an instant money transfer company, with the authority to establish and grant sub-agents in Jordan. ICC employs more than 60 people and has a large and diverse base of clientele and customers. It cooperates with a network of three major banks in Jordan.
International Brokerage and Financial Markets Company (IBFM)
Established in 2005 as a public shareholding limited company, IBFM has the expertise to offer financial consulting and advisory of the best quality with a concentration in asset management, IPO management, integrated brokerage and underwriting. The services pertain to the local, regional and International markets. IBFM has a state of the art, high end market watch room for monitoring trends and alerts. IBFM will provide channels for clients to productively access and manage their portfolios online.
