A workshop to raise awareness of opportunities to benefit from the issuance and listing of deposit receipts for Jordanian joint stock companies in foreign stock exchanges

The Member of the Authority’s Board of Commissioners, Mazen Al-Wathaifi, opened a workshop organized by Al-Mawarid Financial Brokerage Company, a subsidiary of INVESTBANK, in partnership with the London Stock Exchange and Deutsche Bank, and in cooperation with the Amman Stock Exchange, under the title “Issuing and listing deposit receipts”, in the presence of The Director of Commercial Affairs at the Financial Services Corporation of the British Government’s Department of International Trade Salim Kawadri, a number of experts at the London Stock Exchange and Deutsche Bank, senior managers and employees of capital market institutions, a number of major investors, brokerage firms, financial services, media professionals and those interested.
Al-Wathaifi said that the workshop aims to spread awareness of investment opportunities and the importance of deposit receipts that have been regulated in accordance with the new instructions recently issued by the authority through international experts reviewing the procedures for offering these financial instruments and the mechanism of their registration and trading on the London Stock Exchange and the legal dimensions of this, in addition to the positive impact on the shares of the Jordanian company that intends to issue deposit receipts in international stock exchanges by reaching out to major investors abroad and benefiting from the liquidity available in these stock exchanges, and what can be achieved through openness to international financial markets
He also referred to the most important regulatory and legislative developments that the market has witnessed recently, and to the Authority's efforts to upgrade the legislative and regulatory frameworks in the market in order to enhance the investment climate and protect investors in it, including preparing amendments to the Securities Law, issuing amendments to many legislations regulating the market, launching electronic systems, and preparing a strategic plan and a road map to develop the capital market in accordance with the latest international standards and practices. He expressed his welcome to meet the attendees and his happiness for the commission's hosting of the workshop, which comes as part of the commission's efforts to spread the culture of investment and financial awareness and to introduce the opportunities provided by the new legislation in general, including the instructions for issuing and listing receipts for depositing shares of Jordanian public shareholding companies ".