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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.33 0.48 0.50
Value Traded (JD) 1,308,959 699,657 555,525
No. of Shares Traded 2,899,779 1,601,856 1,072,498
No. of Transactions 2,530 802 557
No. of Subscribed Shares 46,967,755 46,967,755 46,967,755
Market Capitalization (JD) 15,499,359 22,544,522 23,483,878
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 1,011,782 1,049,204 1,075,616
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 23,205 197,559 0
Other Current Assets 33,195,337 33,216,486 33,527,409
Total Current Assets 34,856,945 35,150,181 35,399,057
Non-Current Assets
Investments in Real Estates 20,668,098 21,404,641 22,438,044
Financial Assets at Fair Value Through Other Comprehensive Income 3,503,711 3,503,711 3,503,711
Fixed Assets, Net 30,595 55,691 89,717
Projects in Progress 26,266,161 32,696,060 11,764,771
Investments in Companies (Sister and Affiliate) 4,391,593 4,436,115 4,481,262
Other Non-Current Assets 1,614,319 2,318,485 22,785,787
Total Non-Current Assets 56,474,477 64,414,703 65,063,292
Total Assets 91,331,422 99,564,884 100,462,349

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 3,671,319 3,671,319 0
Accrued Part of Long Term Loans 0 0 3,671,319
Other Current Liabilities 31,805,781 31,404,344 30,654,194
Total Current Liabilities 36,290,047 35,838,378 35,024,538
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 0 0 0
Total Non-Current Liabilities 0 0 0
Total Liabilities 36,290,047 35,838,378 35,024,538

Shareholders Equity (JD)

2019 2018 2017
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 991,164 1,051,341 1,050,834
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 269,558 273,458 273,458
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings -11,577,686 -3,164,379 -1,780,024
Total Owners' Equity (Pertaining to Company's Shareholders) 36,111,675 44,581,259 45,965,107
Non-controlling Interest 18,929,700 19,145,247 19,472,704
Total Owners' Equity 55,041,375 63,726,506 65,437,811
Total Liabilities & Owners' Equity 91,331,422 99,564,884 100,462,349

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 30,600 143,208 0
Rents and Services Revenue 651,270 436,288 443,632
Real Estate Revaluation 0 0 0
Total Operating Revenues 681,870 579,496 443,632
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 -44,522 -45,147 -36,788
Other Revenues 78,811 42,928 148,115
Total Revenues 716,159 577,277 554,959
Expenses
Lands and Apartments Sales Expense 11,581 25,671 0
Rents and Services Expense 382,948 386,892 385,103
General and Administrative Expenses 479,768 458,666 490,868
Depreciation 204,112 243,886 276,000
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 8,388,874 1,139,888 418,981
Total Operating Expenses 9,263,171 2,011,117 1,294,952
Other Expenses 0 276,523 0
Profit Before Interest, Income Tax and Fees Expenses -8,547,012 -1,710,363 -739,993
Interest Expense 138,867 0 0
Profit Before Tax and Fees Expenses -8,685,879 -1,710,363 -739,993
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 669 942 1,400
Net Profit -8,686,548 -1,711,305 -741,393
Non-controlling Interest -214,625 -327,457 -32,379
Net Income Pertaining to Shareholders -8,471,923 -1,383,848 -709,014

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 1,049,204 1,075,616 1,488,644
Net Cash Flow from (Used in) Operating Activities 311,050 290,935 -144,489
Net Cash Flow from (Used in) Investing Activities -348,472 -317,347 -189,023
Net Cash Flow from (Used in) Financing Activities 0 0 -79,516
Cash Balance (Ending) 1,011,782 1,049,204 1,075,616

Financial Ratios

2019 2018 2017
Turnover Ratio % 6.170 3.410 2.280
Earnings Per Share (JD) -0.180 -0.030 -0.020
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.770 0.950 0.980
Price Earnings Ratio (Times) -1.830 -16.290 -33.120
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) 0.430 0.510 0.510
Return On Assets % -9.510 -1.720 -0.740
Return On Equity % -23.460 -3.100 -1.540
Debt Ratio % 39.730 35.990 34.860
Equity Ratio % 60.270 64.010 65.140
Interest Coverage Ratio (Times) -61.550 0.000 0.000
Total Assets Turnover (Times) 0.010 0.010 0.000
Fixed Assets Turnover (Times) 22.290 10.410 4.940
Working Capital Turnover (Times) -0.480 -0.840 1.180
Current Ratio (Times) 0.960 0.980 1.010
Working Capital (JD) -1,433,102.000 -688,197.000 374,519.000