The Arab Fund joins an international coalition to support small and medium-sized companies in Jordan

The Arab Fund for Economic and Social Development announced today that it has provided a secondary supportive loan worth $25 million to Capital Bank-Jordan, which is the fourth largest private bank in the Hashemite Kingdom of Jordan, with the aim of strengthening the bank’s capital base and contributing to the development of its lending operations directed at financing small and medium enterprises and climate-friendly projects. This loan is part of a larger $135 million financing arranged by the European Bank for Reconstruction and Development (EBRD), in cooperation with other global lenders, namely the ILX Fund, the OPEC Fund for International Development, the Green Growth Fund (GGF), and the Sanad Fund for Micro, Small and Medium Enterprises (SANAD). The signing ceremony was held under the patronage of His Excellency Dr. Adel Al-Sharkas, Governor of the Central Bank of Jordan, in the presence of senior officials from Capital Bank-Jordan, and representatives of participating international institutions. His Excellency Fawzi Yousef Al-Hanaif, Director General and Chairman of the Board of Directors of the Arab Fund, stated that “this investment demonstrates the Arab Fund’s continued commitment to diversifying its financing offers and its support for the development of the private sector in member states.” He added: “We are proud of our partnership with Capital Bank-Jordan and the prestigious financial institutions to support climate change financing and small and medium-sized enterprises, which represent the main engine of growth and job creation.” Mr. Tamer Ghazaleh, CEO of Capital Bank, said: “This agreement confirms Capital Bank’s leadership and its ability to achieve sustainable growth.” He added: “We continue our commitment to providing innovative financing solutions that help develop the green economy and enable small and medium enterprises to achieve lasting success.” The development partnership between the Hashemite Kingdom of Jordan and the Arab Fund has extended for more than fifty years since its establishment, as the Arab Fund has provided loans worth approximately $2.6 billion to support economic growth in the Kingdom of Jordan. The Arab Fund’s portfolio is distributed across the sectors of transportation, communications, infrastructure, industry, water, and agriculture. In April 2025, the Arab Fund also announced a financing package worth $690 million to support the economy and promote comprehensive growth, within the framework of the Qatari strategic partnership with Jordan. About the Arab Fund: The Arab Fund for Economic and Social Development is a regional financial institution based in the State of Kuwait, established in 1968 to support economic and social development in the Arab countries. Through loans, grants, and technical assistance, the Fund finances projects in the fields of infrastructure, education, health, water, sanitation, and public services, thus promoting sustainable development and regional cooperation in the Arab world.