Jordan Securities Commission Registers New securities 23/10/2011

On October 23.2011 Jordan Securities Commission (JSC) represented by its Board of Commissioners & chaired by Dr. Bassam Saket, decided to approve new securities registration for a number of companies. Provisions of Article (5) of the Securities Law No. (76) for the year 2002 stipulates 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 30th issuance of Jordanian treasury bonds for the year 2011 at a maturity date on September 19.2014, at a value of JD (50) million & address the Securities Depository Center (SDC) to register them.
2- Registration of the 31st issuance of Jordanian treasury bonds for the year 2011 at a maturity date on September 26.2014, at a value of JD (75) million & address the Securities Depository Center (SDC) to register them.
3- Registration of the 53th issuance of Water Authority bonds at a maturity date on September 29.2014, at a value of JD (30.5) million & address the Securities Depository Center (SDC) to register them.
4- Registration of the 18th issuance of Jordanian treasury bills for the year 2011 at a maturity date on September 25.2012, at a value of JD (50) million & address the Securities Depository Center (SDC) to register them.
5- Registration of capital increase in shares of Shira Real-Estate for Developments & Investments Company of (3.3) million shares by distributing JD (3.3) million from account pending on condition & distribute these shares as free shares to Company shareholders. This represents the gained amount from selling lands pending on condition. The following terms must be fulfilled: 
• It is the Company shareholders right in free shares as on the 15th day of (JSC) approval to register capital increase in shares.
• Disclose the shareholder right at least twice in two daily newspapers, prior this right in not less than (7) day.
• Fees must be settled as deemed proper.
6- Extend the period of time for capital increase in shares issuance procedures of Falcon for Investments & Financial Services Company of (7.550.000) million shares for (10) working days commencing from notifying the Company of the Board of Commissioners decision & include this decision in the disclosure report. Publish this decision & the full context of the Board of Commissioners decision number (419/2011) at least twice in two local daily newspapers. If the Company could not fulfill capital increase in shares issuance procedures within the above specified period of time, unfulfilled shares will be considered unsubscribed ones.
To regulate the process of issuance, its integrity & its disclosure, the Instructions of Issuance & Registration of Securities for 2005 oblige the company/the issuer with the following:
• Issue a public statement of registering capital increase in shares of Falcon for Investments & Financial Services Company & indicate clearly the number & date of the Board of Commissioners approval decision regarding this.
The Board of Commissioners is familiar with cancelling the registration of Universal House Brokerage Company after the merge process is fulfilled with Global Investment House Company-Jordan. Licenses granted to Global Investment House Company-Jordan are as follows:
Investment Trusteeship.
Financial Consultations.
Investment Management.
Issuance Management/ Best Efforts.
Financial Broker.
Margin Finance.
Address Amman Stock Exchange (ASE) & the Securities Depository Center (SDC) to inform them with the aforementioned.