The Jordanian Mortgage Refinancing Company signed a loan agreement with the Arab National Leasing Company (a member of the Arab Bank Group),

Accordingly, the Arab National Leasing Company was granted a loan in the amount of (5) million dinars for a period of two years to refinance real estate financial leasing contracts granted by it.

The agreement was signed by the Jordanian Mortgage Refinancing Company, Deputy Director General, Abdul Razzaq Tbaishat, and by the Arab National Leasing Company, its General Manager, Walid Hashem.

Hashem said that the agreement aims to diversify the company's sources of funds at an appropriate cost so that real estate financial leasing loans can be granted to individuals who wish to purchase housing and to real estate companies that build housing projects.

He stated that the Arab National Leasing Company is one of the oldest financial leasing companies in the Kingdom, with a capital of (50) million dinars, and the company plays a major role in developing and activating the financial leasing market in the Kingdom.

In turn, Tubaishat said that the agreement comes within the framework of achieving the company’s goals of activating the housing finance market in the Kingdom with the aim of enabling banks and financial institutions to increase their contribution.

In the housing finance market - especially for people with middle and low incomes - to help them own housing.

The company provides the necessary funds to banks and financial institutions through its issuance of loan bonds in the market

Local capital, which contributes to the activation and revitalization of this market in the Kingdom.