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Addax Investment Bank invests USD28m in Jordan Dubai Capital

Addax Investment Bank has taken a 10 per cent stake in JD Capital, the investment company established to develop opportunities in Jordan's booming economy.

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  • Yousef Al-Essa, general manager of Addax.
    Yousef Al-Essa, general manager of Addax.

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Headquartered in Bahrain, Addax is the third largest investor in the fund, which is capitalised at JD 200 million (US$282 million) and includes shareholders such as Dubai International Capital (DIC), a division of Dubai Holding.

Yousef Al-Essa, General Manager of Addax said: "Jordan's economy is flourishing on the back of economic reforms, market liberalisation and major trade agreements that include USFTA, EUFTA and WTO memberships.

"The factors that are leading investors to Jordan are its highly educated and skilled workforce in addition to the favourable investment climate which offers great investment opportunities. Such an investment prospect could not have come at a more opportune time."

Al-Essa continued:

"Addax has proven success in the management and development of diverse investment portfolios and we are confident that JD Capital will provide strong returns for investors and enormous benefits for the business community."
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Related site: http://www.addaxbank.com

Notes and media contacts

Media contacts:

For Addax:
Kirstie Hepburn/ Laura Scorza
Strategic Solutions for Addax Investment Bank,
tel +971 4 3903030

About Addax Investment Bank
Addax, a Middle East bank headquartered in Bahrain, was founded in 2003 and has already built up a portfolio of innovative investments in the region, including the structuring and placement of the US$150m deal to finance 20 Express by Holiday Inn hotels across five countries in the GCC.
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Sunday, November 13 - 2005 at 15:12 UAE local time (GMT+4)

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