Capital Bank and OpenSooq have announced the signing of a business package agreement to the benefit of the bank’s corporate clients, whether SMEs or larger businesses, working with them to promote and market their businesses and products on the popular e-commerce site.

The agreement, which was signed by Capital Bank CEO Dawod Al Ghoul and OpenSooq Board Member Adey Salamin, is in line with Capital Bank’s strategic vision to continue its support of the corporate sector, providing it with innovative solutions that help companies achieve their business goals and better serve their clients.

Through the agreement, Capital Bank’s corporate clients now have the opportunity to increase their sales and expand their reach on the OpenSooq platform, with the bank covering the costs of their first-time subscriptions. In return, OpenSooq will create a business package for each corporate subscriber that includes a store on its website and a group of innovative advertising campaigns, designed to increase their visibility and sell more products efficiently and quickly.

Speaking about the agreement, Capital Bank Head of Transaction Banking and Product Zein Malhas said, “We are happy to partner with OpenSooq, a leading Arab online platform. The business package agreement is perfectly suited to the needs of Capital Bank’s corporate clients, particularly as many often face challenges in promoting and marketing their products online.” Malhas went on to add, “At Capital Bank, we believe in the importance of exploring opportunities that support our clients and their efforts to expand their businesses, consequently increasing their profits and financial returns.” She added that the agreement will provide many wide-ranging benefits to the bank's current and future corporate clients.

Also at the signing, OpenSooq Jordan General Manager Anas Elayyan said, “The coronavirus pandemic has had an immense impact on the local and global economies, affecting the performance of companies, particularly SMEs, which are considered the backbone of a nation’s economy. It has also changed the concept of commerce for users, accelerating their tendency to look for products online, especially given the limitations on movement caused by the pandemic.” Elayyan said that today, OpenSooq stands ready to support the transition of companies into the digital sphere, ensuring their strong presence in what has become an essential market through agreements such as the one with Capital Bank.