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The Islamic Corporation for the Development of the Private Sector (ICD) extended a USD 20 million medium-term Islamic finance facility to Applied Plastic Industries Company (API) in Jordan. The financing will fund capital expenditure for advanced Spunlace equipment to establish a new production line and expand manufacturing capacity for non-woven fabrics.
The Islamic Corporation for the Development of the Private Sector extended a $20 million medium-term Islamic finance facility to Applied Plastic Industries Company to finance capital expenditure for advanced Spunlace equipment, enabling a new production line and expansion of manufacturing capacity in Jordan.
| Site | Largest | Latest |
|---|---|---|
| Amman, Jordan | $20.0M | 2026-01-01 |
| Jordan, Jordan | $20.0M | 2018-03-09 |