Board's Decision 05/06/2012

1. Registration of capital increase in shares of Jordan Dubai Islamic Bank of (11) million shares, at an issuance price of (90%) of the share closing price by the end of the 15 day of Jordan Securities Commission (JSC) approval to register this capital increase or at an issuance price of JD (1), whichever is less. Affecting the relevant prospectus in terms of the following:
• If the Bank provides the (JSC) with the Central Bank of Jordan approval of capital increase in shares prior the end of the 15 day of this decision.
• Fees must be settled as deemed proper.

2. Registration of capital increase in shares of Arab Orient Insurance Company of (1.225.000) million shares, via capitalizing JD (1.225.000) of returned earnings. Distributing this increase to shareholders as free shares; each shareholder according to his contribution in the capital, in condition fees are settled as deemed proper.

3. Registration of capital increase in shares of Jordan Islamic Bank of (25) million shares. Distributing this increase to shareholders as free shares; each shareholder according to his contribution in the capital. The capital increase in shares will be covered as follows:
• JD (3.011.985) million of private reserves.
• JD (10) million of voluntary reserves.
• JD (11.988.015) million of returned earnings.
In condition fees are settled as deemed proper.

4. Approving to capitalize accounts payables of Jordan Armed Forces of JD (79.750), of (109.246) shares at a price of JD (1) per share & an issuance discount of Fils (0.270) or 90% of the share closing market price, of whichever is higher on the approval date of the Board of Commissioners, in condition fees are settled as deemed proper.

• Disapproving to offer (425.000) shares for private subscription to shareholders; each shareholder according to his contribution prior the increase, at a price of JD (1) per share & an issuance discount of Fils (0.270), at a value of JD (310.250). Not affecting the relevant prospectus as cited by virtue of the provisions of Articles (8 & 12) of the Securities Law.  
• Possibility to view shareholders cash in advance, in case the company requests so & by the consent of relevant shareholders