Boards' Decisions of 25/8/2019

25-Aug-2019

 

- Granting Al-Manara Financial Consulting Company a license to perform the activities of financial advisory in the local financial market, provided that a bank guarantee of JD 10,000 is submitted to the order of the Commission, and prescribed fees of JD 250 are paid, with an emphasis on the company that the scope of this license is within the local financial market only, and that it may not practice it in foreign stock exchanges except after obtaining the necessary license to do so.

- Approving the opening of a non-executive branch of Noor Al Mal Company for Financial Brokerage and Foreign Exchanges in Irbid / Al Hoson Street to perform the activities of a financial broker in the Amman Stock Exchange and a broker for the account of others at foreign stock exchanges, based on the provisions of Article (11) of the Instructions of Financial Services Licensing for and Registration for the year 2005, and the basis for opening non-executive branches of financial services companies, provided that:

• This branch is a non-executive branch dedicated to receiving clients' requests without executing any buying or selling orders for them and without making any payments for these clients.

• Informing the company that it will be granted permission to start work after the inspection visit the Commission will do to the branch to ensure its readiness for work.

• Revoking the license granted to Noor Al Mal Company for Financial Brokerage and Foreign Exchanges pursuant to the Board of Commissioners Decision No. (371/2018) dated 14/11/2018, to the conduct its business through non-executive branches in Al Madinah Al Munawwarah Street and Shmeisani District - the intersection of Abu Hamed Al Ghazali Street with Queen Street Noor, upon its request.

-  Approving the registration of the following issues:

• the forty-third issue of treasury bonds for the year 2019, at a maturity of 18/7/2022, at a value of JD 50 million, with an option to be reopened in the future without exceeding the amount of JD 200 million.
• the forty-fourth issue of treasury bonds for the year 2019, at a maturity of 18/7/2024, at a value of JD 50 million, with an option to be reopened in the future without exceeding the amount of JD 200 million;
• the forty-fifth issue of treasury bonds for the year 2019, at a maturity of 23/7/2021, at a value of JD 50 million, with an option to be reopened in the future without exceeding the amount of JD 200 million;
• the forty-sixth issue of treasury bonds for the year 2019, at a maturity of 23/7/2024, at a value of JD 50 million, with an option to be reopened in the future without exceeding the amount of JD 200 million;
• the forty-seventh issue of treasury bonds for the year 2019, at a maturity of 5/8/2021, at a value of JD 50 million, with an option to be reopened in the future without exceeding the amount of JD 200 million;
• the forty-eighth issue of treasury bonds for the year 2019, at a maturity of 5/8/2022, at a value of JD 50 million, with an option to be reopened in the future without exceeding the amount of JD 200 million;
• the forty-ninth issue of treasury bonds for the year 2019, at a maturity of 7/8/2029, at a value of JD 100 million, with an option to be reopened in the future without exceeding the amount of JD 200 million;
and addressing the Securities Depository Center to register the sold bonds, noting that the registration of bonds arising from the opening of the issuance shall be considered upon the Ministry of Finance request.
- The sixteenth issue of treasury bills for the year 2019, maturing on 23/1/2020 at a value of JD 25 million, and addressing the Securities Depository Center to register them.