20 Hrs
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سرايا الإخبارية
Source: سرايا الإخبارية
20 Hrsسرايا الإخبارية
Source: سرايا الإخبارية
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The Jordanian government has issued Islamic financing sukuk worth 400 million Jordanian dinars to Greater Amman Municipality, with a profit rate of 5.5% for a period of five years. The aim of this issuance is to reduce financing costs, with an expected savings of around 70 million dinars over the sukuk period, potentially reaching up to 140 million dinars when considering the 10-year loan term. This is the first of its kind for municipalities in the Kingdom and seeks to enhance debt management and alleviate financial burdens. The government is also committed to diversifying its debt financing tools and expanding the use of sukuk in other sectors, in line with economic development initiatives.
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