Board's Decisions 03/02/2010

1. Approve the registration of the 1st issuance of Jordanian treasury bonds for the year 2010 at a maturity date on January 21. 2013, at a value of JD 50 million and address the Securities Depository Center to register them.
2. Approve the registration of the 2nd issuance of Jordanian treasury bonds for the year 2010 at a maturity date on January 25. 2013, at a value of JD 50 million and address the Securities Depository Center to register them.
3. Approve to register 7.065 bonds of Middle East Complex for Eng., Elec. & Heavy Ind. at a nominal value of US$ 2.000 per bond, at a total value of US$ 14.130.000 through non public offer, taking into account each of the following:
* Bonds must be trade over-the-counter and by the custodian. Bonds must not be trade at the Amman Stock Exchange (ASE).
* Number of subscribers in these bonds and/or bondholders must not exceed 30 person at any time and until bonds due date.
* Settlement of fees as deemed proper.
4. Approve a two-month extension beyond the deadline for the sale of unsubscribed shares of 689,655 for Al-Faris National Company for Investment and Export. The extension starts once the company is notified by the JSC Board of Commissioners decision. And approve the coverage of these shares by selling them in the Amman Stock Exchange at a price that is not less than the issuance price of JD 0.75 per share.
5. Approve to grant a license to Arab Jordan Investment Bank to conduct the activities of investment management, investment trusteeship, financial consultations and issuance management through firm commitment in condition that the fees of JD 3500 are settled as deemed proper .
6. Approve to grant a license to Amwal Company for Services and Financial Brokerage to conduct the activities of the dealer and of margin finance in condition that the company adheres to each of the following:
* Issues relevant to the dealer activities:
-The total value of the company portfolio must not exceed at any time, 30% of the net equity rights.
- The company portfolio must be varied in a manner that its shareholding percent in any company does not exceed 10% of the net equity rights of Amwal Company for Services and Financial Brokerage.
- Settle the JD 500 fees as deemed proper.
* Issues relevant to margin finance activities:
- The company must not conduct any business prior to providing the JSC with its organizational procedures and amending its accounting systems relevant to the Instructions of Margin Finance and take the JSC approval on these procedures.
- Settle the JD 500 fees and provide the JSC with a bank guarantee of JD 250.000.