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Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.33 0.33 0.48
Value Traded (JD) 1,282,489 1,308,959 699,657
No. of Shares Traded 3,797,791 2,899,779 1,601,856
No. of Transactions 1,201 2,530 802
No. of Subscribed Shares 46,967,755 46,967,755 46,967,755
Market Capitalization (JD) 15,499,359 15,499,359 22,544,522
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Current Assets
Cash on Hand & at Banks 952,688 1,011,782 1,049,204
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 16,576 23,205 197,559
Other Current Assets 33,643,011 33,195,337 33,216,486
Total Current Assets 34,943,185 34,856,945 35,150,181
Non-Current Assets
Investments in Real Estates 19,857,109 20,668,098 21,404,641
Financial Assets at Fair Value Through Other Comprehensive Income 3,503,711 3,503,711 3,503,711
Fixed Assets, Net 19,964 30,595 55,691
Projects in Progress 18,164,136 26,266,161 32,696,060
Investments in Companies (Sister and Affiliate) 4,398,733 4,391,593 4,436,115
Other Non-Current Assets 1,608,073 1,614,319 2,318,485
Total Non-Current Assets 47,551,726 56,474,477 64,414,703
Total Assets 82,494,911 91,331,422 99,564,884

Liabilities (JD)

2020 2019 2018
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 15,696 3,671,319 3,671,319
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 30,591,791 31,805,781 31,404,344
Total Current Liabilities 30,980,567 36,290,047 35,838,378
Non-Current Liabilities
Long Term Loan 43,104 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 0 0 0
Total Non-Current Liabilities 43,104 0 0
Total Liabilities 31,023,671 36,290,047 35,838,378

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 46,967,755 46,967,755 46,967,755
Subscribed Capital 46,967,755 46,967,755 46,967,755
Paid in Capital 46,967,755 46,967,755 46,967,755
Compulsory Reserves 998,883 991,164 1,051,341
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 269,558 269,558 273,458
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings -14,878,729 -11,577,686 -3,164,379
Total Owners' Equity (Pertaining to Company's Shareholders) 32,818,351 36,111,675 44,581,259
Non-controlling Interest 18,652,889 18,929,700 19,145,247
Total Owners' Equity 51,471,240 55,041,375 63,726,506
Total Liabilities & Owners' Equity 82,494,911 91,331,422 99,564,884

Income Statement (JD)

2020 2019 2018
Revenues
Lands and Apartments Sales Revenue 0 30,600 143,208
Rents and Services Revenue 561,752 651,270 436,288
Real Estate Revaluation -677,876 -552,000 0
Total Operating Revenues -116,124 129,870 579,496
Profits From Sales of Securities 0 0 0
Securities Revaluation 0 0 0
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 7,140 -44,522 -45,147
Other Revenues 54,224 78,811 42,928
Total Revenues -54,760 164,159 577,277
Expenses
Lands and Apartments Sales Expense 0 11,581 25,671
Rents and Services Expense 343,954 382,948 386,892
General and Administrative Expenses 574,028 479,768 458,666
Depreciation 148,579 204,112 243,886
Contingent Liabilities Provision 394,000 0 0
Other Operating Expenses 2,272,479 7,836,874 1,139,888
Total Operating Expenses 3,584,461 8,711,171 2,011,117
Other Expenses 0 0 276,523
Profit Before Interest, Income Tax and Fees Expenses -3,639,221 -8,547,012 -1,710,363
Interest Expense 278 138,867 0
Profit Before Tax and Fees Expenses -3,639,499 -8,685,879 -1,710,363
Jordanian Universities Fees 0 0 0
Scientific Research Fees 0 0 0
Professional and Technical Training and Education Fees 0 0 0
Board Members Remuneration 0 0 0
Previous Years Income Tax 0 0 0
Income Tax 277 669 942
Net Profit -3,639,776 -8,686,548 -1,711,305
Non-controlling Interest -276,811 -214,625 -327,457
Net Income Pertaining to Shareholders -3,362,965 -8,471,923 -1,383,848

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 1,011,782 1,049,204 1,075,616
Net Cash Flow from (Used in) Operating Activities -461,478 281,050 290,935
Net Cash Flow from (Used in) Investing Activities 10,505 -348,472 -317,347
Net Cash Flow from (Used in) Financing Activities 391,879 30,000 0
Cash Balance (Ending) 952,688 1,011,782 1,049,204

Financial Ratios

2020 2019 2018
Turnover Ratio % 8.090 6.170 3.410
Earnings Per Share (JD) -0.070 -0.180 -0.030
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.700 0.770 0.950
Price Earnings Ratio (Times) -4.610 -1.830 -16.290
Dividend Yield % 0.000 0.000 0.000
Dividends Per Share to Earnings Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.470 0.430 0.510
Return On Assets % -4.410 -9.510 -1.720
Return On Equity % -10.250 -23.460 -3.100
Debt Ratio % 37.610 39.730 35.990
Equity Ratio % 62.390 60.270 64.010
Interest Coverage Ratio (Times) -13,090.720 -61.550 0.000
Total Assets Turnover (Times) 0.000 0.000 0.010
Fixed Assets Turnover (Times) -5.820 4.240 10.410
Working Capital Turnover (Times) -0.030 -0.090 -0.840
Current Ratio (Times) 1.130 0.960 0.980
Working Capital (JD) 3,962,618.000 -1,433,102.000 -688,197.000