Boards Decision Regarding Amwal Invest

*In accordance with the attached letter to this decision & after reviewing the submitted complain by a group of shareholders against Jordan Investment Company, the Company General Controller must be addressed to provide him with the outcomes of the external auditor assigned by the JSC to audit the records of Jordan Investment Company.
*Recommend to the Company General Controller to audit on the following companies (Ahlia Enterprises, Sura Development & Investment & Awtad for Diversified Investments) for possible violations of the Companies Law as indicated by the external auditor to the JSC after reviewing the submitted complain stated above.
* In accordance with the attached letter to this decision & after reviewing the submitted complain by a group of shareholders against Jordan Investment Company, the Anti Corruption Commission (ACC) request stated in its letter No. 2/16/ACC/MT/2052 of June 13th. 2011to be provided with the outcomes must be met.
* Pursue the suspension of Jordan Investment Company from trading until further notice.

Notice must be forwarded for hearings of Jordan Investment Company to view its violations of each of the following:

1-Provisions of Article (107/A) of the Securities Law for submitting false or misleading data in any document filed with the Commission in 2008, 2009 & 2010 & for disclosing results of the company general assembly held on May 8th. 2011 sent by a letter to the JSC on May 10th. 2011in a manner that violates the decision of the general assembly.
2-Provisions of Articles (4/B/18) & (8/B) of the Instructions of Disclosure for not including in its Annual Report of 2009 the full benefits & remunerations of Mr. Moutasem Al-Faoury.
 
* Notices must be forwarded for hearings to the auditor of (Ernst &Young Company) to view violations of the provisions of Article (107/C) of the Securities Law related to “Certifying by an auditor or accountant of false or misleading financial statements or statements which are in violation of adopted accounting & auditing standards”.
* Notices must be forwarded for hearings for people & companies stated underneath that violated the provisions of Article (108) of the Securities Law related to “Trading in securities or influencing others to trade in such securities on the basis of Inside Information”:

1. Moutasem Fayez Al-Faoury.
2. Fayez Ibrahim Al-Faoury.
3. Al-Nouf for Investments & Trading Agencies Company.
4. Al-Dura Al-Hamra’a for Information Technology Company.
5. Al-Syneen for Trade & Trading Agencies Company.
6. Al-Arabia for Logistics Services Company.
7. Al-Masarah Al-Ula for Trade & Agencies Company.
8. Specialized Al-Fareha Trading Company.
9. Hakam Maher Hikmat Al-Nabilsi.

* Pursue implementing the Board of Commissioners decisions numbers (267/2011) & (268/2011) of May 11th.2011 relevant to Amwal for Services & Financial Brokerage & Jordan Investment Companies, respectively.