Board’s Decision in 19/12/2021

-  Approving the registration of the sixth issue of Jordanian treasury bills for the year 2021, at a maturity of 16/5/2022 , at a value of JD200 million , for a period 6 months in Jordan Securities Commission, and addressing Securities Depository Center to register them.
-  Approving the registration of the capital increase in shares of the Alia-the Royal Jordanian Airlines      Company of 50.000.000 million shares through non-public offering by  allocating it  to a government investment management company at a value of JD1 per share, through capitalizing an account of advance payments to the capital increase account provided that:
-   The issuance procedures must be fulfilled within a period not exceeding 14  working days from the date of the Commission's approval to register these shares.
-  payment  of the prescribed fees.
- Approving  to cover part of the unsubscribed capital increase in shares of Elzay Ready Wear Manufacturing 5,100,000 million shares out of 17,861,691 million shares, at the nominal value of  JD1 and an issuance premium  of 0.26 per share, at an issue price of JD 0.74 per share, and allocated to the shareholder (Jordanian Armed Forces - Arab Army) in accordance with the decision of the company’s board of directors taken dated November 30, 2021, provided that the following:

- Banning the disposal of these  shares for one year from the date of completing the issuing procedures with the Commission.
 - Completing the procedures of issuing these shares within a maximum 30 working days from the next working day of the date of the Commission's letter approving registering the shares.
- Approving the registration of corporate bond  of Arab International Hotels Company of 7.000 bonds, with a nominal value of JD 1.000 per bond, with a total value of JD 7.000.000 million per one issue for a period 5 years, through public offering to the audience, with the permission to list these bonds in Amman Stock Exchange, provided that:
- Concluding the issuing procedures of these bonds at the Securities Depository Center and Jordan Securities Commission within 14   working days from the subscription closing date.
-  Inform the Commission, the ASE and the SDC when redemption any of the bonds.
- payment of the prescribed fees.
- Approving the request of EFG Hermes/Jordan to revoke the license granted to it to practice business of issuance management starting as of  1/1/2022, based on provisions of Article (61) of Securities Law No.(18) for the year 2017.
- Approving the request of Excel for Financial Investments  to revoke the licenses granted to it to  practice business of  management administration ,Investment trusteeship and financial advisory in the local financial market as of 1/12022 based on the provisions of the Article (61) of Securities Law No. (18) for the year 2017.
Granting Mr. Ahmad Mohammad Abd-Alnaby abu Zakham and Mr. Ibraheem Ahmad Naser a license to perform the activities of financial brokerage in local financial market after paying the prescribed fees.