Jordan Securities Commission Suspends Trading of Shares of Two Companies on June 25.2013
25-Jun-2013
On June 25.2013 Jordan Securities Commission (JSC) Board of Commissioners chaired by HE Mr Mohammed Saleh Hourani, decided the following:
1. To suspend trading of United Arab Investors Company & the Investors & Eastern Arab for Industrial & Real Estate Investments Company, for not submitting to the (JSC) their 2011 & 2012 Annual Reports & their 2012 Semi-Annual Reports as of June 26.2013 until further notice. The Board’s suspension decision is by virtue of the provisions of Articles (19) & (21/B) of the Securities Law.
2. To register capital increase in shares of Irbid District Electricity Company of (2) million shares/JD, via capitalizing JD (2) million of retained earnings. Distribute this increase to shareholders as free shares; each shareholder according to his contribution in the capital. Fees must be settled as deemed proper And, provide the Electricity Regulatory Commission with a copy of the Board’s decision.