Jordan Mortgage Refinance Co Ltd sold the 156th issuance of its 10 thousand one-year bonds at JOD 10 million. Chairman of the company, Ibrahim AlDhahir, that they sold this issuance at an annual fixed interest of 3.70%. This issuance is due in August 6, 2015. He said also that revenues of selling this issuance were granted as a loan to one of local banks to refinance housing loans.

The company’s financial statement showed that its profits declined by 16% to JOD 470 thousand in the first half of 2014 compared to JOD 557 thousand in the first half of 2013. In the second quarter, the company’s profits declined also by 17.44% to JOD 229.11 thousand from JOD 277.52 thousand in the same quarter of 2013.