jordan pulse -

Jordan Kuwait Bank holds ceremony at headquarters to announce full allocation of proceeds from Jordan’s first green bond issuance worth $50m, alongside launch of its first Sustainable Finance Report for 2024.

Proceeds were fully directed to water resource management and wastewater treatment projects in line with Jordan’s green growth goals and Economic Modernisation Vision (2021–2025).

Event attended by Board-level Sustainability Committee members, CEO Haitham Al-Batayneh, IFC representatives, and global partners including Canada–IFC blended climate finance programme and Netherlands-funded MENA Private Sector Development Facilities.

Report, audited by EY, highlights allocation process, environmental and social impact, and alignment with global green bond standards. Bank says achievement strengthens Jordan’s green finance market and attracts sustainable investment.