By Rory Gallivan

LONDON--HSBC Holdings PLC (HSBA.LN) said Monday that its subsidiary HSBC Bank Middle East Ltd has agreed to sell its banking business in Jordan to Arab Jordan Investment Bank (AJIB.AJ) for an undisclosed fee.

At Sept. 30, 2013, the business comprised four branches with gross assets of approximately $1.2 billion, HSBC said, adding that the transaction is expected to complete in the first half of 2014.

-HSBC shares at 1248 GMT, down 4 pence, or 0.55%, at 674 pence valuing the company at 126.1 billion pounds ($207.0 billion).

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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