First Jordan Investment, whose major shareholder is Kuwait's Global Investment House, has acquired Jordan's Adaa real estate firm in a deal worth $25 million, a company official said on Friday.

Hani Arabi, deputy general manager of First Jordan, a public shareholding firm with a paid-up capital of 150 million dinars ($211 million), said the deal to buy the privately owned real estate firm was part of wider diversification into the property market in the kingdom and the Arab Gulf.

Kuwaiti-based investment bank Global Investment House set up First Jordan last year along with other Kuwaiti and Gulf investors as part of growing investments in the Jordanian market.

'We are keen to look at further investments in Jordan where we continue to see attractive prospects,' Arabi told Reuters.

First Jordan had so far invested over $250 million, mostly in Jordanian and public shareholding and pre-IPO and private equity investments along with some real estate projects in Dubai, Arabi said.

Global, with an estimated $900 million portfolio in Jordan ranging from real estate and financial services to industry, recently opened a brokerage subsidiary to tap demand for investments in Amman's financial markets.-Reuters