Middle East Economic Survey

VOL. XLVII

No 25

21-June-2004

JORDAN

CAPITAL MARKETS

Jordanian Tourism Investment Company To Issue Bonds

Jordanian tourism investment company ZARA Investment (Holding) Co announced on 9 June that it plans to issue bonds worth JD45mn ($63.4mn). The issue will be structured and distributed by Atlas Investment Group, while Atlas parent, Arab Bank, takes the role of underwriter. ZARA was founded in 1994 by a group of independent investors, banks and investment companies...