Amman Stock Exchange Daily Report - 29 December

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1. Amman Stock Exchange 29-Dec-20 AMMAN GENERAL INDEX Close % Change Year-to-Date (YTD) Daily Volume (shares) Daily Turnover (JOD) 1,642.54 0.04% -9.51% 12,061,728 16,502,754 Index Perfomance Graph 1,700 1,680 1,660 1,640 1,620 1,600 1,580 1,560 1,540 1,520 1,500 11-May-20 11-Jun-20 11-Jul-20 11-Aug-20 11-Sep-20 11-Oct-20 Best Performing Companies 11-Nov-20 11-Dec-20 Worst Performing Companies PETRA EDUCATION % Change 4.87% DAR ALDAWA DV/IV % Change -4.31% ARAB INVEST PROJ 4.76% CONSULTING GROUP -4.32% NOOR CAPITAL 4.76% ARAB BANKING CO. -4.35% TRANSPORT BARTER 4.76% FIRST JORDAN -4.76% COMP. LEASING 4.60% SOUTH ELECTRONICS -5.88% Top Traded Companies by Volume (Shares) UNION LAND DEV 5,243,063 Top Traded Companies by Value (JOD) UNION LAND DEV 10,588,688 TAJCATERINGHOUSING 706,264 UNION INV 767,914 UNION INV 674,550 INJAZ 700,112 INJAZ 562,287 SPCZ.INVST.COMD 411,185 JOR ELECTREIC PWR 345,813 JOR ELECTREIC PWR 402,072
2. Macroeconomic & Corporate News Jordan's Capital Bank buys assets from Lebanon's Bank Audi Jordan's Capital Bank Group finalised a deal on Tuesday to acquire top Lebanese lender Bank Audi's AUDI.BY businesses in Iraq and Jordan in move to diversify and expand its operations, the bank's chairman said. Both parties agreed not to disclose the value of the deal, which has secured the necessary approvals from Jordan's Central Bank and the Central Bank of Iraq, Capital Bank Group Chairman Bassem Al-Salem told Reuters. "This agreement responds to Capital Bank's plans to enhance its competitive position and expand its regional and local expansion in Jordan and Iraq," Al-Salem said. It will increase Amman-based Capital Bank Group's assets by about a third to around 3.7 billion Jordanian dinars ($5.23 billion). Shareholders equity will exceed 400 million dinars. Bank Audi expanded in Jordan and Iraq as part of an aggressive regional push before a major financial crisis hit Lebanon and paralysed its banks, forcing some of them to try to divest assets. Bank Audi's 14 branches in Jordan and 5 branches in Iraq will be merged with Capital Bank's existing network, Al Salem said. Capital is pursing expansion in Iraq via its 62% majority shareholding in National Bank of Iraq, a retail bank with over $533 million in assets, Al Salem said. Its latest acquisition will help Capital Bank, a corporate bank whose shareholders are among the country's main industrialists and businesses, to expand into the small and medium-sized companies sector and retail markets. 206 foreign investors granted Jordanian nationality since October 2 — JIC A total of 206 foreign investors were granted the Jordanian nationality between October 2 and December 28, while the Jordan Investment Commission (JIC) is still considering 30 applications, JIC Acting Chairman Faridon Hartouqa said on Monday. The volume of granted investments had a direct impact on the national economy reaching a total of JD867 million ($1.221 billion), which contributed to employing 7,326 workers, according to a JIC statement sent to The Jordan Times. Hartouqa said that 200 investors received the Jordanian nationality for establishing projects with a total value of JD854 million, while five investors resorted to deposits and buying Treasury bonds worth JD12 million, and one investor received the Jordanian citizenship through buying shares for JD1 million. The acting chairman noted that the original nationalities of investors who received the Jordanian citizenship are mainly Syrian, Iraqi, Palestinian, Finnish, Canadian, Lebanese, Yemeni, US, Pakistani, Indian and Saint Kitts and Nevis. Hartouqa added that granting the Jordanian nationality for investors in return for holding investment projects aims to stimulate the investment environment, localise investments and create jobs for Jordanians. * Source: Jordan Times, Zawya Disclaimer Awraq Investments and its affiliates obtain information from sources they believe to be reliable, but do not warrant its accuracy or fitness for a particular purpose, and disclaim for themselves and their information providers all liability arising from the use. The Information in this publication is provided in good faith for informational purposes only. The information provided is not offered as tax, legal, or investment advice, or an offer to buy or sell securities or otherwise. The information provided in this publication may be displayed and printed for your personal, non-commercial use only. You may not reproduce, re-transmit, distribute, disseminate, sell, publish, broadcast, or circulate the information in any form or media to anyone, without the expressed written consent of Awraq Investments. Awraq Investments is not liable for any loss resulting from any action taken or reliance made by any person on any information or material posted by it. You should make your own inquiries and seek independent advice from relevant industry professionals before acting or relying on any information or material made available to you in this publication. You rely on this information at your own risk. Awraq Investments, its subsidiaries, parent, and/or any connected parties, may act or trade and/or enter into any transaction that maybe inconsistent or disregard any information contained herein.