The Resignation of CEO of the ASE
Amman Stock Exchange (ASE) Board of Directors approved the resignation of Mr. Jalil Tarif, the Chief Executive officer (CEO) of the ASE as of 1/12/2012, -upon his request-. The Board of Commissioners of The Jordan Securities Commission approved the resignation of the CEO of the ASE by the virtue of Article (65/D) and of the Securities Law No [25/A] of the ASE Internal bylaw. It is worth mentioning that according to the virtue of Article (27 / c) of the ASE Internal Bylaw, the Deputy Chairman shall perform the duties and functions assigned to him by the Chairman and shall exercise the powers of the Chairman in his absence or if his post becomes vacant.
The ASE Participates in the 52 nd General Assembly of WFE
The ASE represented by Mr. Jalil Tarif the CEO of the ASE participated in the 52 nd General Assembly and the Annual meetings of the World Federation of Exchanges (WFE) which was held in Taipei on October 15, 2012. Chairmen and chief executives of more than 50 of the world's leading exchanges approved new statues that alter the structure of the organization from a secretariat to corporate body, under the new statues; positions of Chief Executive Officer (CEO) and Chief Operating Officer (COO) have been created. Hussein Erkan becomes the CEO, and Peter Clifford becomes the (COO).
The WFE General Assembly approved the membership of Abu Dhabi Securities Exchange, and Muscat Securities market. With this, WFE membership includes 59 regulated exchanges.
Finally, they agreed that the next Annual Meeting will be hosted by the Mexican Stock Exchange during October 28-30, 2013.
ASE receives a student Delegations
Amman Stock Exchange (ASE) has received student delegations from the University of Jordan - Aqaba Branch / Business Administration Faculty and from M'adee Secondary Comprehensive School for Girls, Where they received an explanation of the nature work of the ASE and its basics investment principles. Also, they briefed on the latest legislative and technical developments of the Jordan capital market at the legislative and technical level .
The New Listing Directives
The Chief Executive Officer (CEO) of Amman Stock Exchange (ASE) Jalil Tarif, said that the ASE 's Board of Directors determined the trading hours, price thresholds and the pricing method used for each market according to the new Listing Directives which became effective as of 1/10 /2012, as to begin the implementation of the new trading hours and the new price thresholds from the morning of Thursday, 01/11/2012.
The ASE 's Board of Directors determined the price thresholds for the shares of companies listed on the First Market to become (7.5%) instead of (5%), and leave the hours and phases of the trading session unchanged.
In regard to the second market, the price thresholds for the shares of companies listed on the Second Market remained unchanged (5%), moreover, the trading hours and phases will remain the same.
As for the third market it was decided that trading in shares of companies listed in this market will be within continuous pricing set, nevertheless, the duration of continuous trading session for this market was limited to about 20 minutes preceded by a 5-minute for the pre-opening phase and about 5 minutes to pre-close phase . Price thresholds for the shares of companies listed in the third market will be (5%), and this percentage is the permissible percentage for the price to exceed during the trading session in case of reservation for the securities listed in the Third Market.
Tarif said that shares of companies listed for the first time in the exchange will be listed directly in the second market after acquiring the right to commence its business for at least one year and provide the stock exchange with its financial statements in addition to another set of documents.
The CEO of the ASE also explained that the new directives obliged all the listed companies for the first time to provide the ASE with its quarterly report reviewed by its auditors as of the first quarter of the year 2013 as well as the annual and semi- annual report of the company.
It is worth mentioning that (55) companies have achieved the requirements for listing on the First Market, and (149) in the second market. Note that the rest (39) companies that did not achieve the requirements for listing in both the first and second market will be listed in the Third Market, as of Thursday morning 01/11/2012
The Companies' Third Quarter Reports for the year 2012
The CEO of the ASE Mr. Jalil Tarif said that (85) companies representing (89%) of the overall companies listed at the First Market submitted their quarterly reports reviewed by their auditors references to date.
By virtue of the ASE(15/B) Listing Directives all companies listed at the First Market must submit reviewed quarterly reports during the first month follows the said quarter. Such a step assures the First Market companies' transparency and disclosure in addition to abiding by other strict conditions relating to their financial position, profitability and shares liquidity.
Tarif added that the ASE circulates these reports to the brokerage firms, and post them on the ASE website (Arabic Version) www.exchange.jo in circulars and disclosures/quarterly reports window.
Companies that did not submit their quarterly report references to date are: Arab German Insurance, Arab Real Estate Development, The Investors and Eastren Arab for Industrial and Real Estate Development, Amwal Invest, Arab East Investment, Al- Jamil for Investments, International Ceramic Industries; and Jordan Petroleum Refinery.
As for Jordan Ahli Bank and Arab Union International Insurance submitted its un- reviewed quarterly report within the time limit.
Lecture About New Listing Directives
On October 30th, 2012, Amman Stock Exchange (ASE) in the presence of the CEO of the ASE Mr. Jalil Tarif held a meeting with the public shareholding companies, brokerage firms and dealers of securities to introduce the new listing directives and the most important amendments which they came.
Holding such meetings goes in line with the ASE's policy of strengthening its ties with the local community and spreading the investment culture and raising awareness among citizens and those who are interested in securities.
It is worth mentioning that this meeting witnessed a remarkable attendance from dealers and those who are interested in securities and brokerage firms, where they introduce the new listing directives and the most important amendments and provide them with publications issued by the ASE in this regard, at the end of the meeting questions and inquiries were answered .
Listing Directives for the Year 2012
As of the 1st of October, 2012, Amman Stock Exchange (ASE) starts applying the directives of listing of securities in the Amman Stock Exchange for the year 2012 which were issued by virtue of the provisions of Article (72) of the Securities Law No. (76) of 2002, that was approved recently by the Board of Commissioners of the Jordan Securities Commission.
The CEO of the ASE, Mr. Jalil Tarif said that these directives have introduced new concepts and advanced vision taking into consideration international standards in the context of markets segmentation and listing requirements, through distributing public shareholding companies listed on the ASE on three markets, according to multiple standards including shareholders equity, free float of the company, profitability, number of shareholders, and capital.
Tarif revealed that companies listed on ASE will be distributed on the three markets mentioned above according to lists attached hereto; these lists rely on the available financial statements and liquidity data of listed companies for the year 2011 to verify that the mentioned companies fulfilled the listing requirements specified for each market.
Tarif stressed that the ASE will continue trading in shares of listed companies according to the mechanism currently in place, Also, the ASE will soon set a date to begin trading on listed companies according to the new distribution mentioned above, the daily percentages of thresholds and trading sessions timings and phases approved for each of these markets.
New ASE Board of Directors
The Board of Directors of Amman Stock Exchange (ASE) elected in its meeting held on Sunday 30/9/2012 Dr. Safwan Toukan as Chairman of the Board of Directors and Eng. Marwan Batayneh as Vice Chairman.
The ASE Board of Directors also includes Dr. Ashraf Al Edwan and brokerage firms that have been elected for the membership of the Board in the last General Assembly Meeting. The companies are; Global Investment House / Jordan represented by Mr. Khaled Zakaria, Al Ahli Brokerage represented by Mr. Nizar Al Taher, United Financial Investment represented by Mr. Nasser Al Amad and Mubadala Financial Investments represented by Mr. Hadi Abu Saud.
It is worth mentioning that Jordan Securities Commissions (JSE) has appointed Dr. Safwan Toukan and Dr. Ashraf Al Edwan as members of the Board of Directors as of September 25,2012.
Signing an MOU between Amman Stock Exchange (ASE) and Cyprus Stock Exchange (CSE)
Under the patronage of his Excellency, the President of the Republic of Cyprus Mr. Demetris Christofias, and Jordanian Prime Minister, His Excellency Dr. Fayez Al-Tarawneh. On Thursday 6th Sept. 2012, Amman Stock Exchange (ASE) has signed a Memorandum of Understanding (MOU) with Cyprus Stock Exchange(CSE) so as to enhance mutual cooperation in relation to the securities industry. The MOU was signed on the ASE side by Jalil Tarif, the CEO of the ASE and Nandas Detaxes, the CEO of the CSE, on the CSE side.
Tarif stressed that signing this Memorandum comes to lay foundation for the mutual cooperation in the field of financial services in both countries as well as fostering economic cooperation, introducing the capital market in both Jordan and Cyprus, promoting the coordination and increase the prospects of joint cooperation in areas relating to the exchange of experiences and information and the development of procedures and legislation to increase investment awareness.
The MOU includes providing and exchanging consultative services and know-how regarding listing, trading issues and introducing new financial products, and developing knowledge regarding the composition of the indices and work on the preparation of a joint index in the future, which will contribute in increasing and attracting foreign investments to Jordan Capital Market.
It is worth mentioning that the CSE was established in 1993. Moreover, it is a member of the Federation European Stock Exchanges (FESE) and the World Federation of Exchanges (WFE), consist of (106) listed companies with (2.2) billion Euro market capitalization.
ASE receives a Delegation from the Arab & International financial Institutions
The CEO of the ASE, Mr. Jalil Tarif, received a delegation from each of the Arab Monetary Fund, the European Bank for Reconstruction and Development and the World Bank, within the framework of a visit to the Hashemite Kingdom of Jordan in order to review the needs of financial institutions and the ways of activation the bonds market in the Kingdom, where Mr. Tarif briefed the delegation on the latest developments at the ASE in recent years and the challenges facing the exchange regarding activating the bond market. The meeting was attended by Deputy Executive Officer Mr. Nader Azar, and the Head of the Awareness and Public Relations Department Mr. Amjad Al-Qudah and Head of Listing and Operations Department Mr. Bassam Abu Abbas.
A Delegation from Jordanian German University visits ASE
The Deputy Executive Officer of Amman Stock Exchange (ASE), Mr. Nader Azar, received a student delegation from German Jordanian University/ Faculty of Management and logistics, where Mr. Azar presented an explanation of the most important recent developments witnessed by the Jordanian capital market in recent years. Also, Mr. Mohammed Shneor, the Head of Operations and Information Dissemination Division in listing and Operations Department, presented a live trading session and an explanation of the main features of the applied electronic trading system at the ASE.
A Delegation from Khartoum Stock Exchange Visits the ASE
Amman Stock Exchange (ASE) received Mr. Majd Moh'd Al- Hasan , the Head of Inspection & Survillance Department from Khartoum Stock Exchange(KSE), where he was briefed on the experience of ASE in the fields related to inspection, monitoring, and surveillance, he also tackled the latest technical and legislative developments witnessed by the Jordanian capital market. Mr. Al-Hasan visited Surveillance Department at Jordan Securities Commission (JSC). so as this visit comes within the framework of cooperation and exchanging experiences between the two exchanges.
Amman Stock Exchange receives a delegation from Libyan Stock Market
The Chairman of Amman Stock Exchange (ASE), Dr. Mohammed Mal Allah, the CEO, Mr. Jalil Tarif, and the Deputy CEO, Mr. Nader Azar, received a delegation headed by the Chairman of the Libyan Stock Market, Mr. Mohammed Ali Fakroun. They discussed aspects of cooperation between the ASE and the Libyan Stock market.
Mr. Tarif briefed the delegation on the most important developments witnessed by the Jordanian capital market in recent years. The delegation visited various ASE facilities and briefed on the work of the departments and the electronic trading system.
ASE participates in a conference on the Corporate Governance
The ASE, represented by Mr. Jalil Tarif, the CEO of the ASE, and Mr. Bassam Abu Abbas, the head of Listing and Operations Department participated in the meeting of the Organization for Economic Co-operation and Development (OECD) on the role of stock exchanges in the Middle East and North Africa (MENA) in the corporate governance, which was held in Istanbul-Turkey. The meeting discussed the experiences of Arab Stock Exchanges in listing small and medium-sized companies, the issue of transparency and disclosure, and the possibility to take advantage of the OECD in the field of governance.
On the sidelines of the meeting, the Organization of the Islamic Conference (OIC), in cooperation with the agency of Standers & Poor's( S&P), launched a new indicator includes 50 listed companies on ( OIC) stock exchanges members, which correspond to their work with Islamic law. The S & P agency will calculates this indicator and publish it.
Participation in the meeting of the Executive Committee of the Arab Federation Of Exchanges
The ASE represented by Mr. Jalil Tarif, the CEO of the ASE, participated in the meeting of the Executive Committee of the Arab Federation of Exchanges, which was held in Istanbul-Turkey, during the meeting, they agreed on the functions of the Executive Committee of the Federation and the recommendations to amend the statutes of the Federation. They also reviewed the Federation Plan for the current year and the objectives of the plan and its mechanism.
The ASE receives a Delegation from European Bank For Reconstruction and Development
The CEO of Amman Stock Exchange (ASE) Mr. Jalil Tarif in the presence of the deputy CEO Mr. Nader Azar, received a delegation from European Bank for Reconstruction and Development during a visit to The Hashemite Kingdom of Jordan to discuss the economic reforms and priorities which include reforms in the financial sector and develop the local capital market. Mr. Tarif presented the delegation about the recent developments witnessed by the (ASE) in recent years and the current challenges facing the securities industry and the role of capital market institutions in providing an attractive environment especially that the national economy's openness to the foreign investment.
He also briefed the delegation on the performance of ASE in recent years from various aspects, and its impact on enhancing the transparency, efficiency and market liquidity
A Military Delegation from the Royal Jordanian National Defense College Visits the ASE
Jordan capital Market Institutions received A Military Delegation from the Royal Jordanian National Defense College and the Faculty members and students at the collage within a visit to Jordan Securities Commission (JSC), Amman Stock Exchange (ASE) and Security Depository Center (SDC) to identify their mechanism and their active role in the national economy and the implementation of economic policy in the Kingdom.
Where participants listened to a briefing by Mr. Tarif, the CEO of the ASE, on the role of the exchange in attracting savings to the national economy through a safe market with a high efficiency for trading securities and fostering investment in Jordan securities, as well as a glance at the new trading system
At the end of the meeting (Q&A) were answered on all aspects of the securities market and the functions of capital market institutions.
The 50th anniversary of the Chartered Financial Analyst program CFA
Amman Stock Exchange (ASE) participated the Chartered Financial Analyst (CFA) -the global association of investment professionals that sets the standard for professional excellence, and its local society CFA Jordan- the celebration of the 50th anniversary of launching Chartered Financial Analyst (CFA) through opening the daily trading session at the ASE joining over 22 Arab and International Stock Exchange attended the event.
Where the ceremony was attended by a number of officials of the ASE, financial services companies, financial analysts Institute and a number of investors and securities dealers.
A Delegation from LeidenUniversity Visits the ASE
The CEO of Amman Stock Exchange (ASE), Mr. Jalil Tarif- in the presence of the deputy CEO of the ASE Mr. Nader azar- welcomed a Student delegation from Leiden University/ the Netherlands - as part of a visit to Jordan- Where Mr. Azar briefed them on the nature of the work of ASE and the basic investment principles at the ASE. They also tackled the latest legislative and technical developments of the Jordan capital market, Moreover, they reviewed the ASE' performance in recent years from various aspects and their impact on enhancing market transparency, liquidity and efficiency.
The Companies' First Quarter Reports for the year 2012
The CEO of the ASE Mr. Jalil Tarif said that (84) companies representing (88%) of the overall companies listed at the First Market submitted their quarterly reports reviewed by their auditors within the time limit of receiving their quarterly reports ended on April 30,2012.
By virtue of the ASE (15/B) Listing Directives all companies listed at the First Market must submit their reviewed quarterly reports during the first month that follows the said quarter. Such a step assures the First Market companies' transparency and disclosure in addition to abiding by other strict conditions relating to their financial position, profitability and shares liquidity.
Tarif added that the ASE circulates these reports to the brokerage firms, and post them on the ASE website (Arabic Version) www.exchange.jo in circulars and disclosures/quarterly reports window. On the other hand Mr. Tarif said that a number of companies listed at the First Market did not submit their reviewed reports within the time limit, breaching the provision (15/B) of the Directives of Listing Securities on the ASE, these companies are:
Bank Al- Etihad, Arab German Insurance, Arab Real Estate Developments, The Investors and Eastern Arab for Industrial and Real Estate Investments, Amwal Investments, Al- Jamil for Investments Co., Al-Tahdith for Real Estate Investments Company, Jordan Phosphate Mines, International Ceramics Industries and Jordan Petroleum Refinery. As for Yarmouk Insurance submitted their unreviewed quarterly reports within the time limit.
ASE participated in the Union of Arab Stock Exchanges Annual Meeting
Amman Stock Exchange (ASE) represented by the Chief Executive Officer(CEO) of the ASE, Mr. Jalil Tarif, participated in the Union of Arab Stock Exchanges Annual Meeting which organized by the Muscat Securities Market, and held in Muscat / Sultanate of Oman on April 11, 2012. Within this framework, the Union of Arab Stock Exchanges decided to form an executive committee so as Amman Stock Exchange has been chosen as member of the Committee as well as Muscat Stock Exchange, Saudi Arabia Securities Market, Morocco Stock Exchange and the clearing of Egypt.
The selection of the ASE for the membership of the Executive Committee due to the active role of the ASE in the Union, where the ASE is one of the first Arab Exchanges that contributed in the establishment of the Union.
It is worth mentioning that the Union includes in its membership (17) Arab Exchanges in addition to (7) Depository Centers, as the Union seeks in its periodical meetings to discuss many issues and aspects related to the development of Arab Stock Exchanges, upgrading them and encourage them to approach international practices, as well as take advantage of the experiments of some members to spread the benefits and take advantages of successful experiences.
Delegation from Khartoum Stock Exchange Visits the ASE
Amman Stock Exchange (ASE) received a delegation from Khartoum Stock Exchange, where the delegation was briefed on the work of ASE ‘s Various Departments and identifying the Electronic Trading System. The delegation visited Investor's Gallery in the Housing Bank Complex, Jordan Securities Commissions (JSC), Securities Depository center (SDC) and toured a number of brokerage firms. This visit comes within the framework of cooperation between Amman Stock Exchange and Khartoum Stock Exchange which aims at exchanging experiences.
Bilateral Visit and Training Program for FEAS Members
In an effort to enhance bilateral cooperation between the members of the Federation of Euro-Asian Stock Exchanges (FEAS). The Union held a number of bilateral cooperation programs and mutual visits between members of the Union. Within this framework, the ASE received the Head of Media and awareness Dept. on the Muscat Securities Market, where he was briefed on the experience of Amman Stock Exchange in the fields related to Media and awareness , dissemination of information he also briefed on the latest legislative and technical developments witnessed by the Jordanian capital market. He also visited the hall of investors in Housing Bank Complex and a number of brokerage firms and services.
Student‘s Delegation Visits the ASE
Amman Stock Exchange (ASE) received student's delegation from Philadelphia University, Zaytuna University and Intermediate University Collage, also, modern schools and Al- Etehad School. Where they received an explanation of the nature work of the ASE and its basics investment principles. Also, they briefed on the latest legislative and technical developments of the Jordan capital market at the legislative and technical level.
New Board of Directors
On March 22, 2012. The Board of Directors of Amman Stock Exchange(ASE) held a meeting on which Dr. Mohammed Malallah has been elected as Chairman of the Board of Directors of ASE and Dr. Adel Bino as Vice - Chairman.
It is worth mentioning that the Board of Directors includes Mr. Marwan Al-Batayneh and four elected brokerage Companies. These companies are ; Global Investment House - Jordan represented by Mr. Khaled Zakaria , Ahli Brokerage represented by Mr. Nezar Al -Taher, United Financial Investments represented by Mr. Naser Al-Amad and Mubadala Financial Investments represented by Mr. Hatem Al-Shahed .
The Thirteenth Meeting of the General Assembly of Amman Stock Exchange
The 13th General Assembly of ASE was held on Thursday 15/3/2012. The meeting was chaired by the Vice Chairman of the Board Dr. Bashir Zu'bi, and attended by Members of the Board and the CEO of ASE Mr. Jalil Tarif, and representative of Jordan Securities Commission Mr. Majd Shafiq.
The meeting discussed the report of the Board of Directors on the activities of the ASE for 2011 and its future plan; the participants listened to the Auditor's Report including the balance sheet, final statements of account, and the financial position. In addition, they discussed the annual balance sheet, the account of revenues and expenditures, and the cash flow. The financial statements for the year ending December 31st, 2011 were endorsed. Members of the new Board of Directors were elected during the meeting as well. The firms which won in the election are; Global Investment House/ Jordan, Ahli Brokerage Company, United Co. for Financial Investment and Mubadala Financial Investments. It is worth mentioning that 59 brokerage firms attended in the 13th General Assembly and participated in the voting.
Inaugurating a Simulation Room for the ASE in Yarmouk University
Amman Stock Exchange ( ASE) represented by the CEO of the ASE, Mr. Jalil Tarif, and the President of Yarmouk University, Dr. Abdullah Al Mousa participated in Inaugurating a Simulation Room for the ASE at the Faculty of Economics and Administrative Sciences at the Yarmouk University.
This project is a result of joint venture, as the ASE offered expertise, human resources and necessary data, while the university provided the place and the human cadre
The simulation room includes a main server to operate the electronic trading system, a device for running the trading session. In addition to twenty PCs that contain the program of entering buy and sell orders to the system and they are connected directly to the electronic trading system, so as the students can enter buy and sell orders through this specific program and follow them up, besides watching live trading information.
The room also includes a number of PCs directly connected to the ASE and automatically shows all the processes that are performed by trainees in the room based on the same data at the ASE, so as the processes that take place in the simulation room be compatible on the same data and information at ASE.
The opening of the simulation room was attended by the Vice Deputy of ASE, Vice-President of the University, the Dean of the Faculty of Economics and Administrative Sciences, the Head of Banking and Finance Department, in addition to a number of ASE officials and faculty members and officers.
The Thirteenth Meeting of the General Assembly of Amman Stock Exchange
The General Assembly of ASE will hold its 13th meeting on Thursday 15/3/2012. The meeting will be chaired by the Vice Chairman of the Board Dr. Bashir Zu'bi, Members of the Board and the CEO of ASE Mr. Jalil Tarif, and representative of Jordan Securities Commission will attend the meeting.
The meeting will discuss the report of the Board of Directors on the activities of the ASE for 2011 and its future plan; the participants will listen to the Auditor's Report including the balance sheet, final statements of account, and the financial position. In addition, they will discuss the annual balance sheet, the account of revenues and expenditures, and the cash flow. The financial statements for the year ending December 31st, 2011 will be endorsed. Members of the new Board of Directors of will be elected during the meeting as well.
Launching the First Local Companies Research Challenge
Under the patronage of Amman Stock Exchange (ASE), CFA Institute, and CFA Jordan and in participation of Jordan Telecom Group /Orange launched the inaugural CFA Institute Research Challenge in Jordan. Teams from six local leading Jordanian universities competed with a chance to participate at the regional and global levels.
This challenge is an original imitative devised to teach university students in Jordan best practices in equity research, valuation, and ethics and as a means for leading industry professionals to train students in researching and reporting on public companies. Jordan Telecom Group / Orange was selected as the subject company for the challenge.
The Six participating universities are: Yarmouk University, Jordan University, The Hashemite University, New York Institute of Technology (NYIT), The German Jordanian University and the University of Applied Sciences, and the winner of Local Challenge is NYIT University and it will participate in the Regional Challenge which will be in London, with a chance to compete at the Global level.
ASE received a delegation from International monetary fund (IMF)
The Chief Executive Officer (CEO) of Amman Stock Exchange (ASE) received a delegation from the International Monetary Fund(IMF), headed by Mr. Paul Cashin, Assistant Director of the Middle East and Central Asia in the International Monetary Fund(IFM). Within the framework of a visit to Jordan, where Mr. Tarif, briefed them of the most important legislatives, technical and quantitative developments witnessed by the ASE in recent years and the challenges facing the securities industry and the role of capital market institutions in the provision of an attractive environment for investment especially in light of the openness of the national economy to foreign investment, also briefed the delegation on performance of the ASE in recent years from various aspects, and their impact on enhancing transparency, efficiency and market liquidity.
S&P Indices and Arab Federation of Exchanges Create S&P AFE 40 Index
Standard & Poor's (S&P) Indices has launched the S&P AFE 40, an index designed to measure the performance of 40 leading companies from the Pan-Arab region. S&P Indices partnered with the Arab Federation of Exchanges (AFE) to create the Index which includes companies from Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. These companies have been selected according to the Standard & Poor's international standards.
The S&P AFE 40 is comprised of the 40 largest stocks (measured by float-adjusted market capitalization- trading volume) listed on AFE member exchanges. In terms of weighting, the S&P AFE 40 uses a capped market capitalization weighted index scheme, where the maximum weight of any constituent cannot exceed 10% and the maximum weight for each country, based on domicile cannot exceed 35%.
For more information on the S&P AFE 40, please visit: www.standardandpoors.com/indices .
Siniora Food Industries opens a trading session at ASE
In coordination with Amman Stock Exchange (ASE ) the Chief Executive Officer (CEO) of Siniora Food Industries Eng. Majdy Kazem Al-Sharif in the presence of the Chief Executive Officer(CEO)of the ASE Mr. Jalil Tarif, opened the daily trading session on Sunday, 29/1/2012.
On the side line of this event, the company presented its profile, products and future plans in the hall of investors gallery in order to strengthen the link between investors and the listed companies, and allow them to identify the executive departments of these companies , their products , services and future plans. It is worth mentioning that the (12,594,839) shares of Siniora Food Industries has been listed in the Second Market as of Sunday 29/1/2012, after completing a set of requirements and procedures specified by the Directives for Listing Securities in ASE in addition to complete all procedures of other capital market institutions.
It also mentioned that he company started trading on Sunday, 29/1/2012 and closed on the price of (1.91) dinar. The opening of the trading session has been attended by the CEO of the Securities Depository Center (SDC) Mr. Samir Jaradat, and a number of officials of ASE and brokerage firms, Siniora Company and a large number of investors and dealers in securities.