Middle East Economic Survey

VOL. XLVIII

No 1

3-January-2005

JORDAN

Jordans Zara Bond Issue Closes Successfully

Arab Bank (AB) and Atlas Investment Group announced on 19 December the closure of the JD45mn ($63.5mn) Zara bond issue. It attracted 25 institutional investors, including: Housing Bank for Trade and Finance, Jordan Commercial Bank, Cairo Amman Bank, Petra Tourism Transport Company, Jordan Kuwait Bank, Arab Jordan Investment Bank, Jordan Express Tourist Travel Company, Jordan...