26 October 2008
Amlak Finance (Jordan), the newly-formed home finance company, said it had received approval from Jordan's Securities Commission to raise capital by JD8 million (Dh78m) to JD63m.
Arif Alharmi, Chief Executive Officer of Amlak Finance UAE and Board Member of Amlak Finance (Jordan), said: "Jordan is a key market for Amlak Finance's ambitious expansion plans across the region, and we will be launching our operations as per schedule by the end of 2008."
Amlak Finance (Jordan) also announced the appointment of Ziad Fatayer as the Chief Executive Officer.
Fatayer, has vast experience in retail banking, marketing, planning and budgeting. He has developed retail banking strategy and implemented solutions to multidimensional complex operational problems.
Fatayer, who previously worked at one of the leading banks in Jordan, has commenced work in the first week of September bringing more than 20 years of retail banking experience in international banks across the Middle East to further leverage Amlak's operations in the Kingdom.
Alharmi said: "Our office will be offering Shariah-compliant products especially designed to suit the Jordanian market, in addition to the existing wide array of home financing solutions that are already being offered across our regional markets."
Amlak Finance (Jordan) is the first public company in Jordan that is specialised in home finance, offering Shariah-compliant products.
Amlak Finance (Jordan), the newly-formed home finance company, said it had received approval from Jordan's Securities Commission to raise capital by JD8 million (Dh78m) to JD63m.
Arif Alharmi, Chief Executive Officer of Amlak Finance UAE and Board Member of Amlak Finance (Jordan), said: "Jordan is a key market for Amlak Finance's ambitious expansion plans across the region, and we will be launching our operations as per schedule by the end of 2008."
Amlak Finance (Jordan) also announced the appointment of Ziad Fatayer as the Chief Executive Officer.
Fatayer, has vast experience in retail banking, marketing, planning and budgeting. He has developed retail banking strategy and implemented solutions to multidimensional complex operational problems.
Fatayer, who previously worked at one of the leading banks in Jordan, has commenced work in the first week of September bringing more than 20 years of retail banking experience in international banks across the Middle East to further leverage Amlak's operations in the Kingdom.
Alharmi said: "Our office will be offering Shariah-compliant products especially designed to suit the Jordanian market, in addition to the existing wide array of home financing solutions that are already being offered across our regional markets."
Amlak Finance (Jordan) is the first public company in Jordan that is specialised in home finance, offering Shariah-compliant products.
By Staff Writer
© Emirates Business 24/7 2008
