BANGALORE INDIA--April 14, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Jordan Phosphate Mines Company (AFM:JOPH) (JPMC) (Amman, Jordan) has signed a $110 million loan agreement with Europe Arab Bank (London, England) and International Finance Corporation (IFC) (Washington, D.C) to finance a $240 million state-of-the-art terminal at the port of Aqaba. IFC is part of the World Bank (Washington, D.C), while Europe Arab Bank is a subsidiary of Arab Bank (Amman). As per the agreement, IFC and Europe Arab Bank will provide loans of $50 million and $60 million, respectively. The remainder will be arranged through JPMC's internal accruals. The agreement was signed by Walid Kurdi, chairman of JPMC; Marcene Broadwater, global manager of IFC; and Antoine Sreih, chief executive officer of Europe Arab Bank.