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Int’l court to rule soon on ‘Housing Bank’ stakes case

By JT - May 18,2015 - Last updated at May 18,2015

AMMAN — A court verdict in the alleged “Housing Bank Stakes” case will be issued in a few days, Social Security Investment Fund (SSIF) Chairman Suleiman Hafez said Monday.

He added the fund will “transparently announce” any developments in the case in a way that does not affect the arbitration process, the Jordan News Agency, Petra, reported.

The lawsuit was filed at a Swiss court by a Qatari firm that alleges it bought the fund’s stake in Jordan’s second largest bank, requesting the SSIF to pay over JD93 million for failing to implement the alleged agreement to sell its stake in the Housing Bank for Trade and Finance.

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