Mango Group

The Mango Group always seeks to be involved in strategic investments across various market sectors. Through its diversified approach the Group has positions in a variety of market segments which include banking, insurance, trade, industry, technology and services. In 1999 Société Générale Banque Liban (part of the Société Générale Group) decided to enter the Jordanian market. During that time the Mango Group were major shareholders in the Middle East Investment Bank and saw an opportunity to associate the bank with Société Générale. This association resulted in restructuring the bank through a management agreement and the acquisition of a controlling share by Société Générale through a new capital issue. Since the reorganisation, Société Générale De Banque - Jordanie (SGBJ) - as it has become known - established itself as one of the new emerging banks of the Kingdom with a promising and bright future. The Mango Group is currently represented by members in the Board of Directors at SGBJ.