Guarantco supports loan to Jordanian clothing manufacturer

Region:

Middle East & Africa

Jordanian clothing manufacturer Classic Fashion Apparel Industry has raised a $42.5 million five-year on-demand guarantee from Guarantco to support a loan from Standard Chartered Jordan. Proceeds from the loan will finance construction of a textile processing mill, a centralised cloth cutting station, new laundry facility, and a carton and poly bag factory.

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