Amman Stock Exchange Daily Report 4 December

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1. Amman Stock Exchange 4-Dec-16 Close AMMAN SE GENERAL INDEX 2 ,169.52 % Change Year-to-Date (YTD) 0.23% 1.55% Daily Volume (shares) 3,859,466 6 MONTHS INDEX PERFORMANCE 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers UNITED FINANCIAL INVESTMENTS AL-TAJAMOUAT FOR CATERING HS ISLAMIC INSURANCE CO ARABIAN AVIATION INVESTMENT AMMOUN INTERNATIONAL FOR INV % Change 6.73 4.65 4.41 4.34 4.31 Top Traded Companies by Value ARABIAN AVIATION INVESTMENT JORDAN PETROLEUM REFINERY CO AL EQBAL CO FOR INVESTMENT P ARAB BANK PLC AMMOUN INTERNATIONAL FOR INV * Source: Bloomberg Worst Performers UNITED CABLE INDUSTRIES CO LAFARGE JORDAN CEMENT UNION LAND DEVELOPMENT CORP UNION TOBACCO & CIGARETTE INTL CO FOR MEDICAL INVEST % Change (2.70) (2.78) (3.13) (3.54) (4.94) Top Traded Companies by Volume Value traded (JOD) 1,097,961.00 544,325.60 538,074.40 459,007.90 434,394.90 Volume traded (Shares) AL AMAL FINANCIAL INVESTMENT 609,897 AL-TAJAMOUAT FOR CATERING HS 404,260 AD-DULAYL INDUSTRIAL PARK CO 372,955 AMMOUN INTERNATIONAL FOR INV 365,051 RUM TOURIST TRANSPORTATION C 300,947
2. Macroeconomic & Corporate News US, UK and Japan pledge around $400 million for Red-Dead project The government has raised approximately $400 million from donor countries and agencies to finance the first phase of the Red Sea-Dead Sea Water Conveyance Project (Red-Dead), a government official said. The funds were contributed during a high-profile conference, which was held on Thursday at the shores of the Dead Sea, in the form of grants,very easy loans and in-kind assistance, the official at the Ministry of Water and Irrigation said. The US embassy announced in a statement to the press that the US intends to contribute $100 million to the Red-Dead project. US Ambassador to Jordan Alice G.Wells said in a statementent that the Red-Dead project will not only bring new water supplies, but it is also a novel approach to halting the decline of the Dead Sea, adding that it is an extraordinary cultural heritage site that attracts millions annually and is also an important resource for industry. More solar, wind power plants receive licences to operate in Jordan Jordan on Saturday granted licences for solar and wind power plants, increasing the overall number of licences awarded to such projects to 20, Farouq Hiyari, the chief commissioner of the Energy and Minerals Regulatory Commission, said Saturday. Jordan extended a licence to Green Watts Renewable Energy LLC for an 86 megawatt (MW) wind plant that will be located in Al Rajef in Maan Governorate, around 200km south of Amman, the official told The Jordan Times. The licence for the $184 million project was given for 20 years. Green Watts Renewable Energy LLC, which is a special purpose vehicle incorporated in Jordan for the sole purpose of developing, constructing and operating the project, is wholly owned by Alcazar Energy Partners, a Dubai-based independent developer and power producer active in the Middle East, Africa and Turkey. The commission also granted a 20-year licence to Spain’s Fotowatio Renewable Ventures for a 50MW solar plant, Hiyari said. The $95 million plant will be located some 80km north of Amman. The commission also granted a licence for a 5MW solar plant to the Jordan Valley Marriott Resort and Spa. Hiyari stressed the importance of renewable energy projects in reducing reliance on and consumption of fuel to generate electricity. IIRA Reaffirms ratings of Jordan's The Islamic Insurance Company Islamic International Rating Agency (IIRA) has reaffirmed the Takaful Financial Strength (TFS) rating of The Islamic Insurance Company PLC (TIIC), Jordan, at ‘A’ (Single A). Outlook on the assigned rating is ‘Stable’. Noting that TIIC is the first and one of only two takaful operators in the Hashemite Kingdom of Jordan With gradual growth in its business, TIIC has established a niche for itself in the takaful segment and is the 7th largest player commanding a share of 4.2% of gross premium written in the insurance industry. The fiduciary score has been reassessed in the range of ‘71-75’, reflecting adequate fiduciary standards. The fiduciary score is an aggregation of scores assigned to its two sub-sections i.e. Asset Manager Quality and Shari’a Governance. * Source: Bloomberg, 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.