Jordan Securities Commission Registers New securities 02/08/2011

On August 2.2011 Jordan Securities Commission (JSC) represented by its Board of Commissioners & chaired by Dr. Bassam Saket, decided to approve new securities registration to a number of companies. Provisions of Article (5) of the Securities Law No. 76 for the year 2002 stipulate that: ‘Every Issuer in the Kingdom shall submit to the Commission an application for registering securities therewith in accordance with the Instructions issued by the Board’. By virtue of this Article every issuer of securities is obliged to submit to the (JSC) an application to register these securities & to have (JSC) prior approval.

The Board of Commissioners approved the following:

1. Registration of the 25th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on June 30.2014, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
2. Registration of the 26th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on July 5.2016, at a value of JD (39.7) million & addressing the Securities Depository Center (SDC) to register them.
3. Registration of the 27th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on July 7.2014, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
4. Registration of the 1st issuance of National Electricity Company bills for the year 2011 at a maturity date on July 11.2012, at a value of JD (100) million & addressing the Securities Depository Center (SDC) to register them.
5. Approve registration of capital increase in shares of Arab Banking Corporation of (9.600.000) million shares by capitalizing JD (9.387.548) million from returned earnings & capitalizing JD  (212.452) thousand from voluntary reserves. Distribute these shares as free shares to shareholders; each shareholder according to his contribution in the capital.