Jafcco receives $45m financing facility

Jafcco, a Jordan based fertilizer and chemicals company, finalized a $45m financing loan through a syndicate facility.

The syndicate facility agreement managed by Jordan Ahli Bank (lead arranger) was signed by some other banks (Jordan Kuwait Bank, Cairo Amman Bank and Commercial Bank of Jordan)

The $90m Jafcco's expansion project was launched by Venture Capital Bank, a Bahrain based Venture Capital firm, and Jordan Phosphate Mining Company. (The project is a partnership between some companies in which VCBank represents the largest contributor)