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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.60 1.62 2.01
Value Traded (JD) 4,597,308 36,946,128 41,211,748
No. of Shares Traded 2,798,385 21,309,081 23,259,918
No. of Transactions 1,925 2,220 2,965
No. of Subscribed Shares 160,000,000 160,000,000 125,000,000
Market Capitalization (JD) 256,000,000 259,200,000 251,250,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash and Balances at Central Banks 333,205,500 338,311,743 281,844,459
Balances at Banks and Financial Institutions 248,264,111 326,075,874 258,889,861
Deposite at Banks and Financial Institutions 4,258,890 8,325,098 0
Financial Assets at Fair Value Through Profit 13,478,492 7,509,280 23,300,582
Financial Assets at Fair Value Through Other Comprehensive Income 28,530,920 30,877,736 28,527,354
Financial Assets at Amortized Cost 765,692,190 617,696,128 479,610,204
Investments in Affiliates 376,618 377,262 0
Direct Credit Facilities,Net 2,277,918,456 2,084,327,989 1,385,666,088
Provision for Credit Facilities 87,648,181 72,295,950 58,468,561
Interests in Suspense 16,198,168 16,068,570 15,189,919
Deferred Income Tax Assets 11,957,746 4,559,081 1,602,674
Fixed Assets,Net 74,486,185 70,968,060 44,270,972
Other Assets 109,900,024 83,247,002 56,028,056
Total Assets 3,868,069,132 3,572,275,253 2,559,740,250

Liabilities (JD)

2018 2017 2016
Customers Deposits 2,988,949,545 2,691,335,921 1,856,773,606
Banks & Financial Institutions Deposits 96,687,828 58,873,920 123,107,908
Cash Margins 141,814,536 210,088,710 176,163,488
Loans and Borrowing 85,236,262 88,211,995 56,869,246
Deferred Income Tax liabilities 0 0 0
Other Liabilities 88,133,817 65,253,674 36,622,349
Total Liabilities 3,400,821,988 3,113,764,220 2,249,536,597

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 160,000,000 160,000,000 125,000,000
Subscribed Capital 160,000,000 160,000,000 125,000,000
Paid in Capital 160,000,000 160,000,000 125,000,000
Legal Reserve 49,410,187 42,668,849 37,340,305
Voluntary Reserve 34,279,172 29,271,414 24,932,207
Other Reserves 0 14,034,670 14,730,577
Issuance Premium 80,213,173 80,213,173 71,463,173
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 22,400,000 16,000,000 12,500,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -727,049 1,191,589 1,555,417
Retained Earnings 31,166,049 27,243,353 22,555,974
Total Shareholders Equity 376,741,532 370,623,048 310,077,653
Non-controlling Interest 90,505,612 87,887,985 126,000
Total Liabilities & Shareholders Equity 3,868,069,132 3,572,275,253 2,559,740,250

Income Statement (JD)

2018 2017 2016
Interest Income 216,761,089 186,859,033 125,177,643
Interest Expense 88,809,011 72,169,059 45,141,102
Net Interest Income 127,952,078 114,689,974 80,036,541
Net Commissions Income 23,849,404 21,399,045 14,877,325
Interests & Commissions, Net 151,801,482 136,089,019 94,913,866
Gains from Financial Assets and Instruments -1,432,701 4,297,131 297,478
Gains from Foreign Currencies 5,854,006 5,525,404 3,242,503
Other Revenues 1,345,552 1,218,329 2,312,461
Total Income 157,568,339 147,129,883 100,766,308
Employees Expenses 43,123,071 39,980,839 24,966,451
Depreciation & Amortization 11,025,351 10,332,667 6,531,059
Other Expenses 28,596,750 26,924,084 18,018,085
Provision for Direct Credit and Facilities (period) 13,064,868 15,229,285 8,093,535
Sundry Provisions -880,347 2,408,464 1,373,993
Bad Debts Written Off 0 0 0
Total Expenses 94,929,693 94,875,339 58,983,123
Net Income Before Tax 62,638,646 52,254,544 41,783,185
Income Tax (period) 21,444,297 17,345,461 12,492,363
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 108,438 110,000 55,000
Net Income 41,085,911 34,799,083 29,235,822
Non-controlling Interest 5,349,329 3,434,814 0
Net Income Pertains to Shareholders 35,736,582 31,364,269 29,235,822

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 600,016,203 409,009,567 195,610,720
Net Cash Flow from (Used in) Operating Activities 70,926,114 65,619,369 76,187,462
Net Cash Flow from (Used in) Investing Activities -164,168,929 60,946,805 118,642,887
Net Cash Flow from (Used in) Financing Activities -21,498,686 61,644,266 17,256,673
Differences in Exchange 1,914,563 2,796,196 1,311,825
Cash Balance (Ending) 487,189,265 600,016,203 409,009,567

Financial Ratios

2018 2017 2016
Turnover Ratio % 1.75 13.32 18.61
Earning Per Share (JD) 0.22 0.20 0.23
Dividend Per Share (JD) 0.14 0.10 0.10
Book Value Per Share (JD) 2.35 2.32 2.48
Price Earnings Ratio (Times) 7.16 8.26 8.59
Dividend Yield % 8.75 6.17 4.98
Dividend Per Share to Earning Per Share % 62.68 51.01 42.76
Price to Book Value (Times) 0.68 0.70 0.81
Return On Assets % 1.06 0.97 1.14
Return On Equity % 9.49 8.46 9.43
Net Interest and Commissions Income/Total Income % 96.34 92.50 94.19
Credit Interest/Credit Facilities, Net % 9.52 8.96 9.03
Net Income / Total Income % 26.07 23.65 29.01
Total Income / Total Assets % 4.07 4.12 3.94
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 4.56 4.24 5.32
Equity Ratio % 12.08 12.84 12.12
Shareholders Equity /Total Deposits % 12.21 13.48 15.66
Debt Ratio % 87.92 87.16 87.88
Total Deposits/Total Assets % 79.77 76.99 77.35
Net Credit Facilities to Total Assets % 58.89 58.35 54.13
Net Credit Facilities to Total Deposits % 73.82 75.79 69.99
Shareholders Equity to Credit Facilities,Net % 16.54 17.78 22.38
Quick Ratio (Times) 0.19 0.25 0.28
Cash & Investments to Total Deposits % 45.17 48.33 54.15
Cash + Trading Investments / Total Deposits (Times) 0.19 0.25 0.28