GroFin Jordan was honoured by a visit by H.E. The British Ambassador in Jordan, Mr. Oakden, to Nomou investee Arabella for Aluminium’s factory in Almafraq City, on Monday, March 7, 2016.
The factory visit came about as part of the H.E. The British Ambassador’s regular business visits to learn more about new developments and to look for investments and projects in local businesses. It may be noted that the factory, situated 80 km to the north-east of Amman, will employ over 120 people from the local community and is expected to contribute significantly to local socio-economic development.
The General Manager of GroFin in Jordan, Ms. Alfinaz Murad, expressed her sincere appreciation for H.E. The British Ambassador’s generous visit as an expression of their shared interest in the Nomou Fund, its mission and activities.
It may be noted that Shell Foundation and the British Government’s Department For International Development (DFID) are co-investors in the fund, which is managed by GroFin Jordan.
To provide the background of Arabella for Aluminium, the business was established in 2011 by Jordanian entrepreneur Sobhi Zobi as a specialist in aluminum fabrication, metal decoration and metal surface treatment and coating. Nomou Jordan supported the entrepreneur with a 5-year loan of US$ 715k in 2014 when Sobhi wanted to expand the business to include the extrusion of Aluminium, making it the first factory of its kind in the Northern Governorate of Jordan.