Commencement of implementing the instructions for trading the shares of listed or stopped trading companies

 The Jordan Securities Commission confirmed that the instructions for trading the shares of unlisted companies or companies that have stopped trading will enter into force as of the first week of next August, as the shares of these companies will be traded on the Amman Stock Exchange through financial intermediaries after making the necessary technical modifications to the electronic trading system. .
In this context, Mohamed Saleh Al-Hourani, Chairman of the Securities Authority, commented that this step comes as an embodiment of the Authority’s strategic plans, which among its objectives is to address the current situation of unlisted companies that their shares are stopped trading , and represents a direct and quick solution that allows the shareholders of these companies to sell and buy their shares within the so-called globally Over The Counter (OTC). The Chairman of the Authority expected that this will reflect positively on the performance of the stock market, the total trading volume and the investment activity in general.
In this regard, the Authority, in cooperation with the Amman Stock Exchange, will invite brokerage firms and other related parties to attend an introductory meeting on the most important topics related to the over-the-counter stock market (OTC) and the trading rules for this market at Amman Stock Exchange.