Latest news with #HousingBank
Jordan News
a day ago
- Business
- Jordan News
Housing Bank Sponsors Residential Housing at King's Academy - Jordan News
Housing Bank has reaffirmed its commitment to education through its recent support of King's Academy, a leading boarding and day school in Madaba. In recognition of this contribution, the school has renamed the Sulafat house to bear the bank's name. اضافة اعلان Sulafat House is one of nine residential houses within King's Academy's boarding program and is dedicated to welcoming and housing first-year students. The residence was established as part of His Majesty King Abdullah II's vision for King's Academy to serve as a model for secondary education in the Middle East. This initiative also aligns with Housing Bank's corporate social responsibility strategy, which emphasizes support for the education sector. The name Sulafat is inspired by the Arabic word for 'turtle,' referencing the star Sulafat, the second brightest in the Lyra constellation. Much like its celestial namesake, the residence embraces the principle of 'slow but steady' growth, nurturing students with the skills and independence needed for long-term personal and academic success. Housing Bank's sponsorship of Sulafat is part of a broader history of partnership with King's Academy, which includes contributions to the school's guest house, student scholarship programs, and other educational initiatives. This continued support reflects the bank's five-decade-long legacy of empowering academic institutions and advancing educational opportunities across Jordan. It is worth noting that King's Academy, a non-profit school, provides need-based financial assistance to nearly 50% of its students, making high-quality education accessible to a wide range of talented youth. The school's mission—to offer transformative learning experiences and shape future leaders who will make a positive impact in their communities and beyond—resonates deeply with Housing Bank's values and vision for sustainable development. It is worth noting that Housing Bank's recent support for King's Academy, a leading non-profit school, stems from the bank's belief in the role the school plays as a model for schools in Jordan and the world. It is committed to providing need-based financial grants to approximately 50% of its students, aligning with its transformative mission, centered on providing pioneering and unprecedented educational opportunities for promising youth, enabling the youth to make change within their communities and beyond.
Jordan News
6 days ago
- Business
- Jordan News
Housing Bank and Saudi EXIM Bank Sign $10 Million Financing Agreement - Jordan News
Housing Bank and Saudi EXIM Bank Sign $10 Million Financing Agreement Housing Bank has signed a $10 million credit line agreement with the Saudi Export-Import Bank (Saudi EXIM Bank) to finance the import of Saudi-origin goods and products by the bank's clients. This initiative aims to boost the flow of non-oil Saudi imports into Jordan and strengthen trade ties between the two countries. اضافة اعلان The agreement was signed at Saudi EXIM Bank's headquarters in Riyadh by Mohammed Naser Abu Zahra, Executive Vice President and Head of Corporate Banking at Housing Bank, and Eng. Abdullatif Al-Ghaith, Director General of the Lending Department at Saudi EXIM. This partnership reflects Housing Bank's ongoing commitment to enhancing financial inclusion by expanding its lending portfolio and financing solutions, particularly for Jordanian importers working with Saudi exporters. Saudi Arabia remains the leading exporter to the Jordanian market. The agreement is expected to meet the rising demand for Saudi goods in Jordan and foster new export opportunities for Jordanian businesses. It also supports the transportation and trade sectors, aligning with the Central Bank of Jordan's vision of offering practical financing tools that ease access to liquidity and reduce logistical challenges. It is worth noting that Housing Bank provides a comprehensive suite of services to support businesses and merchants, including financing, credit, and guarantee programs, as well as facilities, advanced digital services, and a wide array of commercial solutions.
Jordan News
14-05-2025
- Business
- Jordan News
Housing Bank Renews Diamond Sponsorship of the Arab Group for the Protection of Nature for Fifth Consecutive Year
Housing Bank Renews Diamond Sponsorship of the Arab Group for the Protection of Nature for Fifth Consecutive Year Housing Bank has renewed its Diamond Sponsorship of the Green Caravan initiative, led by the Arab Group for the Protection of Nature (APN), for the fifth consecutive year. As part of its ongoing support, the bank donated 2,000 fruit trees, of which 500 were planted in Al-Aghwar Al-Shamaliyeh with the active participation of Housing Bank's volunteer employees. اضافة اعلان This initiative falls under the umbrella of the bank's corporate social responsibility (CSR) program, Imkan by Iskan, particularly focusing on the environmental sustainability and social empowerment pillars. Through this program, Housing Bank continues to empower civil society organizations that contribute to reforestation, environmental protection, and the promotion of sustainable livelihoods. The Green Caravan program enjoys strong engagement from Imkan by Iskan volunteers, who regularly participate in tree planting campaigns alongside APN members. This hands-on involvement highlights the bank's commitment to volunteerism, sustainability, and community involvement, while also fostering a spirit of teamwork and civic responsibility. Launched in 2003, the Green Caravan reflects a comprehensive development vision that sees tree planting as a cornerstone of civilization. By providing fruit-bearing trees to underprivileged communities, the initiative not only supports environmental goals, but also helps generate income, reduce poverty and unemployment, and preserve natural resources for future generations.
Jordan News
07-05-2025
- Business
- Jordan News
Housing Bank Reaffirms Its Support for Jordan River Foundation Projects Promoting Child Safety and Women's Empowerment
Housing Bank Housing Bank announced the signing of an agreement renewing its strategic partnership with the Jordan River Foundation (JRF), continuing its support for the foundation's projects focused on child safety and women's empowerment. اضافة اعلان The agreement was signed at Housing Bank's headquarters by Ammar Al-Safadi, Chief Executive Officer of Housing Bank, and Enaam Barrishi, Director General of JRF, in the presence of several representatives from both parties. Commenting on this occasion, Ammar Al-Safadi said, 'We are proud of our partnership with the Jordan River Foundation, as it reflects our shared values and mutual commitment to empowering individuals from all segments of society to build a more stable and prosperous future. It also reflects the principles of sustainability that guide our collaborations with civil society organizations, in line with our pioneering social role spanning over five decades and our ongoing efforts to enhance community impact.' Meanwhile, Enaam Barrishi praised the continued partnership with Housing Bank, emphasizing the importance of sustainable cooperation across sectors in strengthening the ability of development institutions to create innovative solutions and implement programs addressing pressing economic and social challenges, particularly concerning child safety and women's economic empowerment. Under the renewed agreement, the bank will continue to support the Jordan River Program for Family and Child Protection, which was launched by Her Majesty Queen Rania Al Abdullah in 1997. This program—considered the first of its kind in Jordan and the Arab world—serves as a primary national reference for protecting children and families from all forms of abuse, with a focus on awareness, prevention, and intervention. The continued support is expected to expand access to approximately 6,000 additional children and women, through the implementation of educational programs and activities aimed at preventing abuse, enhancing skills in safeguarding children, and promoting positive parenting practices. The agreement also includes support for two of the Jordan River Foundation's social entrepreneurship initiatives targeting women: Jordan River Designs, which features handcrafted products made by Bedouin and rural women; as well as Al Karma Kitchen, which offers a variety of homemade meals prepared by local women. Within this framework, Housing Bank will help empower more than 35 women participating in these two projects by enhancing their capabilities as independent income earners through specialized technical and entrepreneurial training. This support is expected to indirectly benefit over 160 family members, further extending the impact of the initiative. This renewed partnership, which builds on the longstanding cooperation between the two institutions, aligns with the goals of Housing Bank's social responsibility program, Imkan by Iskan, under its social empowerment pillar. The bank remains committed to strengthening the role of civil society organizations through consistent support, contributing to the delivery of essential services and the development of effective solutions to societal challenges. Since its establishment in 1995, Jordan River Foundation has worked to empower local communities through professional and entrepreneurial initiatives, while providing comprehensive protection to children, women, and families from abuse. This mission is in line with the vision of Her Majesty Queen Rania Al Abdullah to alleviate poverty, build capable future generations, and advance the well-being of children across the Kingdom. Over nearly three decades, the foundation has become a national platform for economic and community development, empowering hundreds of thousands of Jordanians, refugees, and the most vulnerable members of society.
Jordan News
06-05-2025
- Business
- Jordan News
Minister of Interior Honors Housing Bank for Sponsoring World Traffic Day Initiatives - Jordan News
Minister of Interior Honors Housing Bank for Sponsoring World Traffic Day Initiatives The Public Security Directorate (PSD) honored Housing Bank, represented by Chief Operations Officer Ahmad Al-Khader, during a ceremony at the Cultural Palace in Al Hussein Youth City under the slogan "Slow Down... Life Ahead." اضافة اعلان Held under the patronage of Minister of Interior His Excellency Mazin Al Farrayyeh, the event was part of the directorate's celebrations for World Traffic Day and Arab Traffic Week 2025. It was attended by Major General Dr. Obaidallah Maaytah, Director of PSD, along with Brigadier General Firas Al-Rashid, Director of the Traffic Department, and several representatives from relevant official bodies. This recognition highlights Housing Bank's active and sustained role in raising traffic awareness and promoting safe driving behaviors. Through a range of initiatives, implemented independently and in partnership with national institutions and civil society organizations, the bank has consistently demonstrated its commitment to road safety. As a sponsor of the 2025 World Traffic Day and Arab Traffic Week celebrations, Housing Bank continues its long-standing support for this important cause. This sponsorship reflects the bank's broader commitment to corporate social responsibility and its dedication to tackling key societal challenges, particularly traffic accidents, which result in significant human, economic, and social losses.
