Wednesday, 07 January 2009
updated 1 minute ago
22:49 UAE time

YOUR DIRECTORY /

Global plans $85mn Jordan expansion

by This email address is being protected from spam bots, you need Javascript enabled to view it on Saturday, 14 July 2007

Kuwaiti investment bank Global Investment House said on Saturday it had won Jordanian approval for a $84.7 million share offer by a subsidiary as part of plans to expand in Jordan.

Global said in a statement its First Jordan Investment Co. would offer 60 million shares at 1 Jordanian dinar ($1.41) each.

The company would buy into existing companies, found new firms and invest in the real estate sector. Its first project would be to establish a business centre in the port city of Aqaba.

Story continues below ↓

Global said it had founded the company with a capital of 150 million Jordanian dinars in May 2006.

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