Royal Jordanian Signs $250 Million Syndicated Loan Agreement led by Arab Bank

– Royal Jordanian signed today a syndicated loan agreement valued at USD 250 million, led by Arab Bank with the participation of several Jordanian and regional banks. This step underscores the solid confidence the banking sector places in the airline.
In his opening remarks at the signing ceremony, Royal Jordanian’s Chairman of the Board of Directors Said Darwazeh said that Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub.

Despite the various challenges in the world and in the region in particular, the airline continued its operations with resilience and determination, carrying out its national mission and contributing significantly to Jordan’s economy, particularly in the tourism and transport sectors.
He added that this agreement marks a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector. It also reflects the confidence that local and regional financial institutions have in the company’s long-term vision. “We see this partnership as a vital enabler of Royal Jordanian’s transformation and modernization efforts, reinforcing its regional and global competitiveness.”
“We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company’s objectives and contributes positively to the national economy,” Darwazeh said.
Commenting on the occasion, Vice Chairman of the Board and Chief Executive Officer of Royal Jordanian Samer Majali said: “As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernizing its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan; this strategic direction requires reliable financial support. Fleet modernization is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations.
“We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline’s strong credit profile and financial stability. Our full commitment to repaying the previous syndicated loan on schedule even under the most challenging conditions during the COVID 19 pandemic played a key role in reinforcing this trust and encouraging broader participation from financial institutions,” Majali commented.
Randa Sadik, Chief Executive Officer, Arab Bank commented: “This USD 250 million financing agreement demonstrates Arab Bank’s and the participating banks’ belief in Jordan’s national carrier’s capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions.” This financing, Sadik added, directly contributes to supporting the national economy and reinforcing Jordan’s standing regionally and internationally

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