11 October 2008
First Jordan Investment , whose major shareholder is Global Investment House , acquired Jordan's Adaa real estate firm in a deal worth US$25mn. Hani Arabi, deputy general manager of First Jordan, a public shareholding firm with a paid-up capital of JD150mn (US$211mn) said that the deal to buy the privately owned real estate firm was part of wider diversification into the property market in the kingdom and the Arab Gulf..
© Arab Times 2008
