UIB to invest in Jordanian shopping mall developer

Published April 6th, 2006 - 06:27 GMT
Al Bawaba
Al Bawaba

Bahrain-based Unicorn Investment Bank (UIB) has finalized an agreement with Al Tajamouat For Touristic Projects on the acquisition of 16.8 million of its common shares via a private placement, the GDN reported.

 

Al Tajamouat For Touristic Projects, a public shareholding company currently traded on the Amman Stock Exchange, is developing a shopping mall in Abdoun, an affluent part of Amman, Jordan. The project is planned to spread on 170,487 sqm of gross built area (GBA) with anticipated renting space of 59,716 sqm.