VOL. XL No. 1912-May-1997

JORDAN

Housing Bank Of Jordan Raises Its Capital

The shareholders of Jordan's Housing Bank approved on 2 May a doubling of thebank's capital to JD50mn ($70.5mn) to be executed either through privateplacement or through a Global Depository Receipt (GDR) issue. The capitalincrease should help expand the bank's financing role and increase itscompetitiveness in the region after a law passed earlier this year allowed thebank to broaden its activities into investment and...