Taameer receives syndicated $32m loan
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Taameer receives syndicated $32m loan

Taameer receives syndicated $32m loan

A consortium led by Jordan-Kuwait Bank has agreed to give Jordan's Taameer Holdings a syndicated $32m loan to complete its delayed real estate projects, Reuters has reported. With around $500m of assets, Taameer had been unable to secure new financing after an $85m syndicated loan arranged by Lebanon's Blom Bank fell through in August 2008. The firm's portfolio includes residential and industrial property in both the capital Amman, the city of Zarqa and the Red Sea resort city of Aqaba.

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