AMMAN, Jordan (February , 2012) - As part of the Bank's CSR commitment to the ?environment and poverty alleviation in Jordan, today INVESTBANK signed a ?Memorandum of Understanding (MoU) with Al-Shajarah Society to rehabilitate, ?preserve and develop the natural recourse of Beireen Forest in collaboration with ?the surrounding community and in cooperation with the Ministry of Agriculture. ?Beireen forest is one of the few naturally grown forests of the national tree of Jordan ??(Malol, deciduous Oak), which exist under severe pressure. ?

The first phase of INVESTBANK’s Forest protection project sits on around 100 dunums ?with the possibility of covering more areas in Beireen in the second phase of this ?environmental project.?

INVESTBANK CEO, Mr. Muntaser Dawwas, said:"We are really proud to be part of ?this environment protection project as part of our CSR. We are seeking, with the help ?of Al-Shajarah Society, to conserve a forest that is managed, protected and ?developed with cooperation with the local communities, which will eventually ?accommodate visitors; allowing them to enjoy outdoor extracurricular activities. This ?will assist in spreading awareness and environment education throughout the ?neighbouring areas."?

He added:” We, at INVESTBANK, consider protecting the environment as part of our ?responsibility in our daily life and future, we look forward to encouraging people, ?especially the young generation on the importance of protecting the environment in ?order to enjoy it."?

Meanwhile, Al Shajarah Director General, Mohammad Qawabah, said: “We are ?extremely excited to partner with INVESTBANK, one of the leading financial ?institutions in the Kingdom, in a very important environmental project. We believe ?that we both share the same message and support for our natural resources. This ?project will be a model for others to follow and our society will be able to enjoy it." ?