Banks, SSIF extend loan to Aqaba Container Terminal
August 04, 2010
Three banks and the Social Security Investment Fund ( SSIF ) extended a JD 56.8 million loan to Aqaba Container Terminal. The eight – year syndicated loan was arranged by Capital Investments, the investment arm of Capital Bank, to fund part of the cost of the terminal expansion project. Capital Bank led the syndicate which comprised the Social Security Investment Fund, Cairo Amman Bank and Jordan Kuwait Bank. The project will be implemented to develop the management and operations of the terminal. The signing of this agreement reflects the desire to Jordan’s long term economic prosperity and to support sustainable development in the Kingdom.