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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.33 0.43 0.49
Value Traded (JD) 1,044,641 3,379,035 8,703,482
No. of Shares Traded 3,019,987 7,357,529 17,361,949
No. of Transactions 1,173 1,624 3,908
No. of Subscribed Shares 49,625,545 49,625,545 49,625,545
Market Capitalization (JD) 16,376,430 21,338,984 24,316,517
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 24,954 49,828 178,134
Financial Assets at Fair Value Through Profit 1,437,041 1,609,696 1,671,999
Real Estate Ready for Sale 11,316,442 11,312,073 11,308,912
Cheques to Be Collected 0 0 0
Other Current Assets 19,963 26,003 27,519
Total Current Assets 13,110,492 13,320,980 13,476,353
Non-Current Assets
Investments in Real Estates 15,689,425 16,446,523 16,538,970
Financial Assets at Fair Value Through Other Comprehensive Income 1,112,841 1,240,610 1,261,780
Fixed Assets, Net 43,630 45,459 47,331
Projects in Progress 2,524,786 5,175,194 5,175,194
Investments in Companies (Sister and Affiliate) 1,231,728 1,219,470 1,230,529
Other Non-Current Assets 14,100,356 13,899,461 13,924,526
Total Non-Current Assets 34,702,766 38,026,717 38,178,330
Total Assets 47,813,258 51,347,697 51,654,683

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 762,048 1,718,984 369,385
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 1,625,029 3,945,284 3,443,001
Total Current Liabilities 2,929,502 5,996,078 4,160,484
Non-Current Liabilities
Long Term Loan 3,881,286 2,731,933 4,025,768
Corporate Bonds 0 0 0
Other Non-Current Liabilities 5,414,520 5,274,933 5,330,165
Total Non-Current Liabilities 9,295,806 8,006,866 9,355,933
Total Liabilities 12,225,308 14,002,944 13,516,417

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 49,625,545 49,625,545 49,625,545
Subscribed Capital 49,625,545 49,625,545 49,625,545
Paid in Capital 49,625,545 49,625,545 49,625,545
Compulsory Reserves 370,748 370,748 370,748
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 2,889,115 2,889,115 2,889,899
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -1,823,189 -1,720,701 -1,698,303
Retained Earnings -20,924,787 -19,941,485 -19,254,777
Total Owners' Equity (Pertaining to Company's Shareholders) 24,359,202 25,444,992 26,153,314
Non-controlling Interest 11,228,748 11,899,761 11,984,952
Total Owners' Equity 35,587,950 37,344,753 38,138,266
Total Liabilities & Owners' Equity 47,813,258 51,347,697 51,654,683

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 2,976,010 170,000 1,470,407
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 2,976,010 170,000 1,470,407
Profits From Sales of Securities 0 0 0
Securities Revaluation -155,476 -62,306 180,616
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 20,686 -5,235 -73,626
Other Revenues 60,913 62,997 383,788
Total Revenues 2,902,133 165,456 1,961,185
Expenses
Lands and Apartments Sales Expense 3,489,979 92,447 1,662,692
Rents and Services Expense 0 0 0
General and Administrative Expenses 317,263 443,732 452,659
Depreciation 1,828 1,872 1,943
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 3,807,242 536,179 2,115,351
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses -905,109 -370,723 -154,166
Interest Expense 433,624 396,143 400,184
Profit Before Tax and Fees Expenses -1,338,733 -766,866 -554,350
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 0 0 0
Net Profit -1,338,733 -766,866 -554,350
Non-controlling Interest -355,431 -80,464 744
Net Income Pertaining to Shareholders -983,302 -686,402 -555,094

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 49,828 178,134 225,041
Net Cash Flow from (Used in) Operating Activities -572,292 -504,405 4,456,516
Net Cash Flow from (Used in) Investing Activities 532,038 170,000 1,336,500
Net Cash Flow from (Used in) Financing Activities 15,380 206,099 -5,839,923
Cash Balance (Ending) 24,954 49,828 178,134

Financial Ratios

2019 2018 2017
Turnover Ratio % 6.09 14.83 34.99
Earnings Per Share (JD) -0.02 -0.01 -0.01
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.49 0.51 0.53
Price Earnings Ratio (Times) -16.65 -31.09 -43.81
Dividend Yield % 0.00 0.00 0.00
Dividends Per Share to Earnings Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 0.67 0.84 0.93
Return On Assets % -2.80 -1.49 -1.07
Return On Equity % -4.04 -2.70 -2.12
Debt Ratio % 25.57 27.27 26.17
Equity Ratio % 74.43 72.73 73.83
Interest Coverage Ratio (Times) -2.09 -0.94 -0.39
Total Assets Turnover (Times) 0.06 0.00 0.03
Fixed Assets Turnover (Times) 68.21 3.74 31.07
Working Capital Turnover (Times) 0.29 0.02 0.16
Current Ratio (Times) 4.48 2.22 3.24
Working Capital (JD) 10,180,990.00 7,324,902.00 9,315,869.00