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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 2.10 2.45 3.00
Value Traded (JD) 13,683,529 220,621,114 29,075,194
No. of Shares Traded 6,416,409 88,771,497 10,377,628
No. of Transactions 3,029 6,230 7,790
No. of Subscribed Shares 200,000,000 200,000,000 200,000,000
Market Capitalization (JD) 420,000,000 490,000,000 600,000,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 384,396,176 360,142,503 268,583,151
Balances at Banks and Financial Institutions 188,323,327 152,118,694 265,682,212
Deposite at Banks and Financial Institutions 208,123,765 235,435,227 125,000,000
Financial Assets at Fair Value Through Profit 628,716 169,677 196,987
Financial Assets at Fair Value Through Other Comprehensive Income 80,865,636 51,391,078 114,791,862
Financial Assets at Amortized Cost 272,535,799 203,395,684 219,576,390
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 1,409,525,437 1,469,239,659 1,447,227,771
Provision for Credit Facilities 112,104,787 97,004,644 86,485,514
Interests in Suspense 9,909,717 8,874,467 7,868,681
Deferred Income Tax Assets 22,804,298 18,580,246 14,683,719
Fixed Assets,Net 52,802,587 34,344,020 31,930,233
Other Assets 88,095,785 94,263,422 77,459,614
Total Assets 2,708,101,526 2,619,080,210 2,565,131,939

Liabilities (JD)

2019 2018 2017
Customers Deposits 1,919,098,107 1,867,792,486 1,845,800,756
Banks & Financial Institutions Deposits 151,244,578 145,242,827 64,896,195
Cash Margins 120,593,921 117,268,917 149,356,693
Loans and Borrowing 23,667,921 4,557,811 2,437,716
Deferred Income Tax liabilities 3,081,065 3,296,665 0
Other Liabilities 70,308,909 63,464,457 63,484,229
Total Liabilities 2,287,994,501 2,201,623,163 2,125,975,589

Shareholders Equity (JD)

2019 2018 2017
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 94,065,645 87,947,294 80,820,952
Voluntary Reserve 134,165 134,330 134,330
Other Reserves 8,046,234 8,107,489 19,231,922
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 36,000,000 36,000,000
Stock Dividends 0 0 0
Foreign Currencies Translation -12,268,120 -12,256,254 -12,256,254
Accumulated Change in Fair Value 24,954,157 26,668,016 81,288,341
Retained Earnings 99,400,640 65,289,732 28,446,126
Total Shareholders Equity 414,332,721 411,890,607 433,665,417
Non-controlling Interest 5,774,304 5,566,440 5,490,933
Total Liabilities & Shareholders Equity 2,708,101,526 2,619,080,210 2,565,131,939

Income Statement (JD)

2019 2018 2017
Interest Income 159,814,954 147,810,673 129,861,236
Interest Expense 43,447,831 37,072,130 26,919,012
Net Interest Income 116,367,123 110,738,543 102,942,224
Net Commissions Income 23,743,185 24,597,018 24,259,668
Interests & Commissions, Net 140,110,308 135,335,561 127,201,892
Gains from Financial Assets and Instruments 723,721 519,591 4,728,687
Gains from Foreign Currencies 3,233,546 2,447,014 2,760,010
Other Revenues 5,336,976 3,440,414 20,327,389
Total Income 149,404,551 141,742,580 155,017,978
Employees Expenses 33,497,668 35,500,079 33,572,988
Depreciation & Amortization 8,726,851 5,116,629 4,806,532
Other Expenses 45,496,807 37,164,891 24,951,129
Provision for Direct Credit and Facilities (period) 0 0 20,637,508
Sundry Provisions 498,064 947,049 3,411,458
Bad Debts Written Off 0 0 0
Total Expenses 88,219,390 78,728,648 87,379,615
Net Income Before Tax 61,185,161 63,013,932 67,638,363
Income Tax (period) 20,752,116 21,714,509 21,973,902
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 40,378,045 41,244,423 45,609,461
Non-controlling Interest 214,789 -283,117 -1,186,076
Net Income Pertains to Shareholders 40,163,256 41,527,540 46,795,537

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 482,731,837 476,846,860 564,145,672
Net Cash Flow from (Used in) Operating Activities 189,046,316 -19,445,720 5,501,753
Net Cash Flow from (Used in) Investing Activities -102,697,876 59,080,895 -58,976,692
Net Cash Flow from (Used in) Financing Activities -35,752,514 -35,916,117 -36,131,416
Differences in Exchange 3,246,156 2,165,919 2,307,543
Cash Balance (Ending) 536,573,919 482,731,837 476,846,860

Financial Ratios

2019 2018 2017
Turnover Ratio % 3.210 44.390 5.190
Earning Per Share (JD) 0.200 0.210 0.230
Dividend Per Share (JD) 0.000 0.180 0.180
Book Value Per Share (JD) 2.070 2.060 2.170
Price Earnings Ratio (Times) 10.460 11.800 12.820
Dividend Yield % 0.000 7.350 6.000
Dividend Per Share to Earning Per Share % 0.000 86.690 76.930
Price to Book Value (Times) 1.010 1.190 1.380
Return On Assets % 1.490 1.570 1.780
Return On Equity % 9.690 10.080 10.790
Net Interest and Commissions Income/Total Income % 93.780 95.480 82.060
Credit Interest/Credit Facilities, Net % 11.340 10.060 8.970
Net Income / Total Income % 27.030 29.100 29.420
Total Income / Total Assets % 5.520 5.410 6.040
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 8.660 7.210 6.520
Equity Ratio % 15.510 15.940 17.120
Shareholders Equity /Total Deposits % 20.010 20.460 22.700
Debt Ratio % 84.490 84.060 82.880
Total Deposits/Total Assets % 76.450 76.860 74.490
Net Credit Facilities to Total Assets % 52.050 56.100 56.420
Net Credit Facilities to Total Deposits % 68.080 72.990 75.740
Shareholders Equity to Credit Facilities,Net % 29.400 28.030 29.970
Quick Ratio (Times) 0.380 0.370 0.350
Cash & Investments to Total Deposits % 54.820 49.810 52.010
Cash + Trading Investments / Total Deposits (Times) 0.380 0.370 0.350