IslamicFinance.de

Rania El Gamal reported on 12 February on Arabianbusiness that the operations of Global Jordan unit were halted by court due to a dispute over a financing by Housing Bank by a Jordanian court. An agreement reached allowed the court to revert its ruling. Housing Bank was no longer willing to a accept a guarantee of Global Kuwait in favour of Global Jordan unit.

The size of Global's portfolio in Jordan in September was about USD 900 mn and included investments in real estate, financial services and industry. Global also opened a brokerage business for Amman's financial markets.