Awqaf Ministry buys commercial complex

AMMAN — Awqaf Minister and Chairman of Hajj Fund Council Wael Arabiyat on Thursday announced that the fund has completed all the legal measures to buy a new commercial complex in Amman at a total cost of JD4.7 million, the Jordan News Agency, Petra, reported.

The purchase of the property falls within the fund’s endeavour to increase its investments across the country, the minister said, expecting the new investment to generate more than 8 per cent of revenues to the fund. Arabiyat added that fund’s savings by the end of 2017 reached JD80 million in addition to JD 20 million from Hajj insurances.