Plan to revive the Amman Stock Exchange

 

Alanani: We will start this year to get out of the situation of cruelty Alanbat - Amman - Alaa Allan  Chairman of the Board of Directors of the Amman Stock Exchange Jawad Al-Anani confirmed that there is a plan to revive the Amman Financial Market,Likely to begin to emerge from the situation of the cruelty experienced by the market this year.

This came during the hosting of the Amman Stock Exchange on Tuesday a festive celebration of the bell and the start of the trading session in the presence of the company, "Bandar for Trade and Investment",Of 50 bonds with a total value of 5 million dinars at a fixed interest rate of 7.25%,Where the bell rang the start of the trading session Omar Abu Weshah Chairman of the Board of Directors of Bindar Trading and Investment Company and Chairman of the Board of Directors of the Amman Stock Exchange Jawad Al Anani and CEO of the Amman Stock Exchange Nader Azar, General Manager of Bendar Trading Company Raad Abu Rasha and representatives of Tamkeen Leasing Company, Investment Bank and a group of media professionals.

Anani said that within the recovery plan issues related to legislation such as the insolvency law that is expected to be applied,There are other arrangements, including the offering of a small part of the shares of the stock market to public subscription and to get out of the hardness experienced by the market since nine years ago there is no public subscription to any company on the stock exchange.

 

He said that the value of shares of companies traded on the Amman Stock Exchange was a period ago when the market reached its maximum,50 billion dinars, and today not more than 17 billion dinars, and the recovery of that value is important for time, but it brings hope to people and increases the interest of local and Arab investors and international market. Anani revealed an interview with Prime Minister Omar al-Razzaz recently, telling him that the government is focusing on many things but forgetting the most important thing is the Amman Financial Market.It is worth mentioning that the Companies Control Department registered in February 2017 ASE as a limited public shareholding company owned by the Government,According to the data issued by the department, the capital of the Amman Stock Exchange Company is 4.77 million dinars, and its objectives are to invest the company's funds and shares in international and local financial markets.

Translated by : Diana Hilal