Registration of The Amman Stock Exchange Company
The Chief Executive Officer (CEO) of the Amman Stock Exchange (ASE), Mr. Nader Azar, said that On February 20th 2017, the ASE has been registered at the Companies Control Department as a public shareholding company completely owned by the government under the name "The Amman Stock Exchange Company (ASE Company), and with a paid-in capital of JD (4,774,552).
Mr. Azar added that the new company will be the legal and factual successor to the ASE, and will possess all its rights, assets, and obligations.
The new company's shares were also registered at the Jordan Securities Commission on the 6th of March 2017, and the ASE sustained its operations as a licensed financial market as of the date of its transformation into a public shareholding company.
It is worth mentioning that the council of ministers appointed a new seven-member board of directors for the ASE. The board elected His Excellency Dr. Yusuf Mansur as the chairman.
Launching the ASE Accounts on Social Media
On March5, 2017 the ASE has launched its accounts on social media "Facebook and Twitter" under the name "Amman Stock Exchange" or "ASE" .
This initiative stems from the fact that the Social media plays big and very important role in strengthening the communications channels with the investors, securities dealers and those interested in Jordan Capital Market. The Social Media platforms will enhance the accessibility of the information and increase the speed of access to the information to the public.
Mr. Azar the CEO of the ASE stressed on the importance to improve and develop the services provided to individuals and business sector, and all interested parties to provide the required Data with high accuracy and at the appropriate time where t the social media will be a tool to listen to the investors' views and thoughts which will improve the services provided by the ASE.
Challenge Initiative for Research Universities in Jordan
Under the patronage of the Amman Stock Exchange (ASE), Chartered Financial Analysis Institute (CFA), and the CFA Jordan launched the Challenge Initiative for Research Challenge in Jordan. Teams from Six local leading Jordanian universities competed with a chance to participate at the regional and global levels.
This challenge is an original imitative devised to teach university students in Jordan the best practices in equity research, valuation, and ethics and as a means for leading industry professionals to train students in researching and reporting on public companies. Jordan Dubai Islamic Bank was selected as the subject company for the challenge.
The Six participating universities are: the Alahliyya Amman University, the Applied Sciences University, The Hashemite University, the University of Petra, the Jordan University and the Yarmouk University, , and the winner of Local Challenge is Alahliyya Amman University and it will participate in the Regional Challenge which will be in Prague, with a chance to compete at the Global level.