The agreement stipulates that the Dubai Islamic Bank will provide highly privileged real estate finance to Emiratis and other nationalities wishing to own homes in Al Mamsha project, with a competitive interest rates, based on the Murabaha principles.
It will have a built-up area of 9.3 million sq ft and a retail floor area of 500,000 sq ft, it stated.
With the over-subscribed closing of its perpetual bonds issuance, Sohar International steadily and confidently moves forward in its strategy as a pivotal player and advocate for growth and prosperity for stakeholders and the nation.
Guillaume Fonkenell, 54, who founded Pharo, told some investors in January that the decision was made to uphold its principles due to concerns about Khashoggi’s death
"Hamzeh and his team have an impressive record of experience providing specialized services to international firms for the last 20 years," said Mark Vorsatz, Andersen Global Chairman and Andersen Tax LLC CEO.
However, without greater investment in regtech applications, firms would be more exposed to cyber security risks and financial crime.
In its statement, the company said international investors have invested more than JD2 million through Jenny into the Jordanian market, creating thousands of jobs and supporting the development of the transportation sector in Jordan.