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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.50 0.80 0.86
Value Traded (JD) 135,955,157 93,833,628 72,143,477
No. of Shares Traded 96,633,841 96,397,628 68,392,722
No. of Transactions 23,493 15,342 12,816
No. of Subscribed Shares 8,100,000 81,000,000 8,100,000
Market Capitalization (JD) 12,150,000 64,800,000 6,966,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 763,066 244,282 902,790
Financial Assets at Fair Value Through Profit 1,365,306 1,400,152 1,478,150
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 55,712 6,783 70,479
Other Current Assets 221,771 221,051 584,626
Total Current Assets 5,248,429 6,173,682 7,098,412
Non-Current Assets
Investments in Real Estates 10,204,218 11,118,320 17,103,118
Financial Assets at Fair Value Through Other Comprehensive Income 243,971 217,003 91,841
Fixed Assets, Net 390,338 395,983 502,657
Projects in Progress 0 0 0
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 0 0 383,140
Total Non-Current Assets 10,838,527 11,731,306 18,080,756
Total Assets 16,086,956 17,904,988 25,179,168

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 5,200,000
Accrued Part of Long Term Loans 111,600 111,600 111,600
Other Current Liabilities 2,485,927 3,979,763 6,419,163
Total Current Liabilities 3,061,432 5,066,144 12,784,634
Non-Current Liabilities
Long Term Loan 46,056 136,693 219,038
Corporate Bonds 0 0 5,750,000
Other Non-Current Liabilities 1,180,184 1,605,542 2,307,232
Total Non-Current Liabilities 1,226,240 1,742,235 8,276,270
Total Liabilities 4,287,672 6,808,379 21,060,904

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 8,100,000 8,100,000 8,100,000
Subscribed Capital 8,100,000 81,000,000 8,100,000
Paid in Capital 8,100,000 8,100,000 8,100,000
Compulsory Reserves 885,271 803,700 2,072,202
Voluntary Reserve 0 0 2,278
Other Reserves 0 0 0
Issuance Premium 0 0 75,504
Issuance Discount 0 0 0
Treasury Stocks 140,000 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -47,356 -74,322 -18,947
Retained Earnings 3,001,369 2,267,231 -6,112,773
Total Owners' Equity (Pertaining to Company's Shareholders) 11,799,284 11,096,609 4,118,264
Non-controlling Interest 0 0 0
Total Owners' Equity 11,799,284 11,096,609 4,118,264
Total Liabilities & Owners' Equity 16,086,956 17,904,988 25,179,168

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 0 0 0
Rents and Services Revenue 2,227,965 2,274,033 2,579,043
Real Estate Revaluation 0 0 0
Total Operating Revenues 2,227,965 2,274,033 2,579,043
Profits From Sales of Securities 0 -1,049 -8,515
Securities Revaluation -34,846 -54,928 9,653
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 453,241 7,570,199 159,982
Total Revenues 2,646,360 9,788,255 2,740,163
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 1,142,623 1,256,733 1,563,953
General and Administrative Expenses 402,233 364,731 375,522
Depreciation 549,396 636,734 875,832
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 24,653 12,408 0
Total Operating Expenses 1,569,509 1,633,872 1,939,475
Other Expenses 82,800 23,070 17,569
Profit Before Interest, Income Tax and Fees Expenses 994,051 8,131,313 783,119
Interest Expense 42,524 94,316 725,903
Profit Before Tax and Fees Expenses 951,527 8,036,997 57,216
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 35,000 0 0
Previous Years Income Tax 0 0 0
Income Tax 100,818 750,000 0
Net Profit 815,709 7,286,997 57,216
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders 815,709 7,286,997 57,216

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 244,282 902,790 562,413
Net Cash Flow from (Used in) Operating Activities 379,072 4,970,646 -329,827
Net Cash Flow from (Used in) Investing Activities 370,349 5,657,341 1,135,789
Net Cash Flow from (Used in) Financing Activities -230,637 -11,286,495 -465,585
Cash Balance (Ending) 763,066 244,282 902,790

Financial Ratios

2019 2018 2017
Turnover Ratio % 1,193.010 119.010 844.350
Earnings Per Share (JD) 0.100 0.900 0.010
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.460 1.370 0.510
Price Earnings Ratio (Times) 14.900 8.890 121.750
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) 1.030 5.840 1.690
Return On Assets % 5.070 40.700 0.230
Return On Equity % 6.910 65.670 1.390
Debt Ratio % 26.650 38.030 83.640
Equity Ratio % 73.350 61.970 16.360
Interest Coverage Ratio (Times) 23.380 86.210 1.080
Total Assets Turnover (Times) 0.140 0.130 0.100
Fixed Assets Turnover (Times) 5.710 5.740 5.130
Working Capital Turnover (Times) 1.020 2.050 -0.450
Current Ratio (Times) 1.710 1.220 0.560
Working Capital (JD) 2,186,997.000 1,107,538.000 -5,686,222.000