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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.31 1.28 1.75
Value Traded (JD) 1,199,971 4,085,146 732,227
No. of Shares Traded 988,528 2,630,271 425,268
No. of Transactions 389 423 382
No. of Subscribed Shares 150,000,000 150,000,000 150,000,000
Market Capitalization (JD) 196,500,000 192,000,000 262,500,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 129,085,610 121,539,096 70,179,969
Balances at Banks and Financial Institutions 291,440,677 307,520,994 254,895,109
Deposite at Banks and Financial Institutions 24,845,110 15,877,685 16,535,460
Financial Assets at Fair Value Through Profit 1,203,192 263,244 169,390
Financial Assets at Fair Value Through Other Comprehensive Income 20,059,841 15,506,988 14,817,140
Financial Assets at Amortized Cost 711,618,433 688,023,173 597,569,867
Investments in Affiliates 20,687,223 19,011,340 19,947,778
Direct Credit Facilities,Net 815,472,923 752,694,569 755,162,896
Provision for Credit Facilities 13,279,473 14,468,779 11,093,862
Interests in Suspense 2,737,109 3,083,349 2,856,190
Deferred Income Tax Assets 521,215 540,846 932,646
Fixed Assets,Net 76,478,738 74,301,592 68,754,517
Other Assets 40,643,429 37,810,892 39,061,055
Total Assets 2,132,056,391 2,033,090,419 1,838,025,827

Liabilities (JD)

2019 2018 2017
Customers Deposits 1,092,286,339 1,030,562,047 1,050,715,661
Banks & Financial Institutions Deposits 619,641,241 537,381,551 487,339,879
Cash Margins 40,295,933 38,991,293 59,693,044
Loans and Borrowing 104,457,503 146,041,810 161,422
Deferred Income Tax liabilities 0 0 0
Other Liabilities 59,522,629 64,715,515 20,757,457
Total Liabilities 1,916,203,645 1,817,692,216 1,618,667,463

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 150,000,000 150,000,000 150,000,000
Subscribed Capital 150,000,000 150,000,000 150,000,000
Paid in Capital 150,000,000 150,000,000 150,000,000
Legal Reserve 33,212,083 31,447,469 29,279,131
Voluntary Reserve 0 0 0
Other Reserves 0 0 5,888,551
Issuance Premium 0 1,418,000 1,418,000
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 13,500,000 13,500,000
Stock Dividends 0 0 0
Foreign Currencies Translation -2,955,229 -3,596,397 -2,379,220
Accumulated Change in Fair Value -2,067,878 -1,891,990 -1,673,812
Retained Earnings 18,501,288 3,979,705 2,668,304
Total Shareholders Equity 196,690,264 194,856,787 198,700,954
Non-controlling Interest 19,162,482 20,541,416 20,657,410
Total Liabilities & Shareholders Equity 2,132,056,391 2,033,090,419 1,838,025,827

Income Statement (JD)

2019 2018 2017
Interest Income 97,344,275 90,353,940 80,807,691
Interest Expense 53,885,589 46,012,013 35,813,651
Net Interest Income 43,458,686 44,341,927 44,994,040
Net Commissions Income 8,255,755 8,289,626 8,468,863
Interests & Commissions, Net 51,714,441 52,631,553 53,462,903
Gains from Financial Assets and Instruments 59,847 224,856 375,720
Gains from Foreign Currencies 3,894,727 3,747,495 3,586,162
Other Revenues 2,530,564 1,458,856 2,489,139
Total Income 58,199,579 58,062,760 59,913,924
Employees Expenses 15,963,637 16,232,941 16,740,195
Depreciation & Amortization 3,866,219 3,030,943 3,068,516
Other Expenses 12,217,401 12,371,711 11,671,260
Provision for Direct Credit and Facilities (period) 2,171,454 1,375,285 1,771,667
Sundry Provisions 259,898 600,458 833,029
Bad Debts Written Off 0 0 0
Total Expenses 34,478,609 33,611,338 34,084,667
Net Income Before Tax 23,720,970 24,451,422 25,829,257
Income Tax (period) 7,462,731 7,580,095 8,599,308
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 55,000 55,000 55,000
Net Income 16,203,239 16,816,327 17,174,949
Non-controlling Interest 1,331,436 1,310,275 1,190,898
Net Income Pertains to Shareholders 14,871,803 15,506,052 15,984,051

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 11,716,854 -82,264,801 -122,688,755
Net Cash Flow from (Used in) Operating Activities -28,026,536 57,888,800 68,622,987
Net Cash Flow from (Used in) Investing Activities -32,187,700 -95,315,818 -9,109,430
Net Cash Flow from (Used in) Financing Activities -57,823,815 131,212,241 -19,226,261
Differences in Exchange 80,558 196,432 136,658
Cash Balance (Ending) -106,240,639 11,716,854 -82,264,801

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.660 1.750 0.280
Earning Per Share (JD) 0.100 0.100 0.110
Dividend Per Share (JD) 0.000 0.090 0.090
Book Value Per Share (JD) 1.310 1.300 1.320
Price Earnings Ratio (Times) 13.210 12.380 16.420
Dividend Yield % 0.000 7.030 5.140
Dividend Per Share to Earning Per Share % 0.000 87.060 84.460
Price to Book Value (Times) 1.000 0.990 1.320
Return On Assets % 0.760 0.830 0.930
Return On Equity % 7.560 7.960 8.040
Net Interest and Commissions Income/Total Income % 88.860 90.650 89.230
Credit Interest/Credit Facilities, Net % 11.940 12.000 10.700
Net Income / Total Income % 27.840 28.960 28.670
Total Income / Total Assets % 2.730 2.860 3.260
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 1.960 2.330 1.850
Equity Ratio % 10.120 10.590 11.930
Shareholders Equity /Total Deposits % 11.490 12.430 12.920
Debt Ratio % 89.880 89.410 88.070
Total Deposits/Total Assets % 80.290 77.120 83.680
Net Credit Facilities to Total Assets % 38.250 37.020 41.090
Net Credit Facilities to Total Deposits % 47.630 48.010 49.100
Shareholders Equity to Credit Facilities,Net % 24.120 25.890 26.310
Quick Ratio (Times) 0.260 0.280 0.220
Cash & Investments to Total Deposits % 70.030 74.480 63.330
Cash + Trading Investments / Total Deposits (Times) 0.260 0.280 0.220