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The local Tameer, formerly known as Andalucia Resorts & Real Estate Development, announced on 19 February the planned launch of a JD 53 million ($75 million) public placement in Amman. The placement will start on 28 February and end on 13 March at the Amman Stock Exchange. Tameer is offering 53 million shares at JD 1 ($1.42) in the company. Jordan Kuwait Bank is the lead manager. The transaction will raise Tameer’s capital to JD 212 million ($301 million), of which 75 per cent is already held by principal investors including the local United Arab Investors, which has a 36 per cent stake, a company identified as Al-Qabas for Financial Investment, which has 20 per cent, and the Social Security Corporation, with 5.4 per cent. The remaining 13.6 per cent is held by private investors.