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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.92 0.79 0.83
Value Traded (JD) 26,505,229 16,087,718 8,664,475
No. of Shares Traded 27,906,178 18,391,371 9,627,760
No. of Transactions 8,333 6,608 5,240
No. of Subscribed Shares 200,000,000 200,000,000 200,000,000
Market Capitalization (JD) 184,000,000 158,000,000 166,000,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash and Balances at Central Banks 237,778,658 282,738,524 260,950,882
Balances at Banks and Financial Institutions 81,646,989 194,421,910 166,478,834
Deposite at Banks and Financial Institutions 0 0 0
Financial Assets at Fair Value Through Profit 3,729,007 3,261,060 4,071,180
Financial Assets at Fair Value Through Other Comprehensive Income 49,818,663 9,135,100 9,498,110
Financial Assets at Amortized Cost 540,993,467 467,884,699 450,742,440
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 890,959,403 920,962,363 970,472,231
Provision for Credit Facilities 72,822,969 61,606,026 55,263,051
Interests in Suspense 16,749,916 14,725,092 34,880,731
Deferred Income Tax Assets 14,791,131 10,286,431 10,698,156
Fixed Assets,Net 32,105,667 30,268,752 29,938,896
Other Assets 112,935,039 81,414,665 104,473,313
Total Assets 1,964,758,024 2,000,373,504 2,007,324,042

Liabilities (JD)

2018 2017 2016
Customers Deposits 1,247,883,147 1,217,020,225 1,224,710,400
Banks & Financial Institutions Deposits 44,638,873 107,872,683 142,757,612
Cash Margins 143,540,333 144,662,384 145,005,158
Loans and Borrowing 124,552,032 118,914,171 77,885,428
Deferred Income Tax liabilities 1,212,993 679,685 424,086
Other Liabilities 66,098,319 61,829,893 82,434,104
Total Liabilities 1,627,925,697 1,650,979,041 1,673,216,788

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 200,000,000 200,000,000 200,000,000
Subscribed Capital 200,000,000 200,000,000 200,000,000
Paid in Capital 200,000,000 200,000,000 200,000,000
Legal Reserve 38,588,144 34,689,204 32,257,341
Voluntary Reserve 0 0 0
Other Reserves 0 8,840,593 9,811,521
Issuance Premium 709,472 709,472 709,472
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 20,000,000 20,000,000 10,000,000
Stock Dividends 0 0 0
Foreign Currencies Translation -5,223,143 -4,082,668 -3,868,943
Accumulated Change in Fair Value 20,961 416,990 -566,421
Retained Earnings 32,694,717 30,994,187 29,562,631
Total Shareholders Equity 286,790,151 291,567,778 277,905,601
Non-controlling Interest 50,042,176 57,826,685 56,201,653
Total Liabilities & Shareholders Equity 1,964,758,024 2,000,373,504 2,007,324,042

Income Statement (JD)

2018 2017 2016
Interest Income 104,795,285 95,379,292 95,835,693
Interest Expense 52,567,426 44,636,315 38,425,704
Net Interest Income 52,227,859 50,742,977 57,409,989
Net Commissions Income 22,352,247 31,616,575 24,417,810
Interests & Commissions, Net 74,580,106 82,359,552 81,827,799
Gains from Financial Assets and Instruments 120,520 691,896 371,508
Gains from Foreign Currencies 654,959 3,293,234 8,522,587
Other Revenues 4,980,680 6,299,605 3,461,145
Total Income 80,336,265 92,644,287 94,183,039
Employees Expenses 23,018,122 23,422,412 20,985,521
Depreciation & Amortization 4,993,075 4,590,769 4,449,788
Other Expenses 16,532,361 17,166,695 16,420,186
Provision for Direct Credit and Facilities (period) 784,461 24,124,636 8,670,583
Sundry Provisions -2,609,061 -8,635,567 16,481,563
Bad Debts Written Off 0 0 0
Total Expenses 42,718,958 60,668,945 67,007,641
Net Income Before Tax 37,617,307 31,975,342 27,175,398
Income Tax (period) 7,050,717 4,070,847 10,954,422
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 218,314 592,849 85,000
Net Income 30,348,276 27,311,646 16,135,976
Non-controlling Interest -449,899 2,954,762 3,693,388
Net Income Pertains to Shareholders 30,798,175 24,356,884 12,442,588

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 270,305,137 166,607,551 351,162,628
Net Cash Flow from (Used in) Operating Activities 108,442,178 98,876,794 -88,703,327
Net Cash Flow from (Used in) Investing Activities -126,199,544 -22,185,182 -82,178,661
Net Cash Flow from (Used in) Financing Activities -18,537,990 26,826,310 -9,579,777
Differences in Exchange -2,460,955 179,665 -4,093,312
Cash Balance (Ending) 231,548,826 270,305,138 166,607,551

Financial Ratios

2018 2017 2016
Turnover Ratio % 13.95 9.20 4.81
Earning Per Share (JD) 0.15 0.12 0.06
Dividend Per Share (JD) 0.10 0.10 0.05
Book Value Per Share (JD) 1.43 1.46 1.39
Price Earnings Ratio (Times) 5.97 6.49 13.34
Dividend Yield % 10.87 12.66 6.02
Dividend Per Share to Earning Per Share % 64.94 82.11 80.37
Price to Book Value (Times) 0.64 0.54 0.60
Return On Assets % 1.54 1.37 0.80
Return On Equity % 10.74 8.35 4.48
Net Interest and Commissions Income/Total Income % 92.83 88.90 86.88
Credit Interest/Credit Facilities, Net % 11.76 10.36 9.88
Net Income / Total Income % 37.78 29.48 17.13
Total Income / Total Assets % 4.09 4.63 4.69
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 10.05 8.29 9.29
Equity Ratio % 17.14 17.47 16.64
Shareholders Equity /Total Deposits % 22.19 22.01 20.32
Debt Ratio % 82.86 82.53 83.36
Total Deposits/Total Assets % 65.79 66.23 68.12
Net Credit Facilities to Total Assets % 45.35 46.04 48.35
Net Credit Facilities to Total Deposits % 68.93 69.51 70.97
Shareholders Equity to Credit Facilities,Net % 32.19 31.66 28.64
Quick Ratio (Times) 0.25 0.36 0.32
Cash & Investments to Total Deposits % 70.71 72.27 65.21
Cash + Trading Investments / Total Deposits (Times) 0.25 0.36 0.32