The Launch of the OTC Market
The Chief Executive Officer(CEO) of Amman Stock Exchange (ASE) Mr. Nader Azar said that “ The Regulating Directives for Trading in Unlisted Securities for the Year 2016 ” and ” Listing Securities Directives for the year 2016 ” will come into force as of Thursday 4 August, 2016 . Pursuant to the above mentioned directives the Over – The – Counter (OTC) Market will be introduced at the ASE.
Azar clarified that the inception of this market comes as a part of developing a mechanism for trading in unlisted securities through their related market ; in addition to give an opportunity for the shareholders of the listed and suspended companies to sell their shares according to supply and demand forces. Also enabling investors interested in buying the shares of those companies to do so. Noting that all interested parties can obtain more information about the OTC Market from the press release which was published earlier at the following link:
Azar added that the ASE had created at its website a special menu containing all related information about this market; the brochure which was prepared specifically for this purpose, in addition to the Regulating Directives for the Trading in Unlisted Securities upon which the OTC Market has been incepted; list of the companies that allowed to be traded through this market and all information that may be needed by those who are interested in such securities are also available. Through this menu the OTC Market statistics will be published after the end of the trading hours. Taking into consideration that this window can be accessed through the following link:
Following is a list of the companies that are allowed to be traded at the OTC Market:
Unlisted Companies that will be traded through the OTC Market:
| No. | Symbol | Code | Company's Name |
| 1 | BAMB | 111027 | BEIT AL-MAL SAVING&INVESTMENT FOR HOUSING |
| 2 | IIAB | 111201 | ISLAMIC INTERNATIONAL ARAB BANK |
| 3 | HIMM | 131014 | JORDAN HIMMEH MINERAL |
| 4 | UNIF | 131066 | UNIFIED TRANSPORT & LOGISTICS COMPANY |
| 5 | UAIC | 131079 | UNITED ARAB INVESTORS |
| 6 | ARED | 131092 | ARAB REAL ESTATE DEVELOPMENT |
| 7 | JOCE | 131096 | JORDAN CENTRAL |
| 8 | IEAI | 131217 | The Investors and Eastern Arab For Industrial and Real Estate Investments |
| 9 | ZAHI | 131242 | ZAHRAT ALURDON REAL ESTATE AND HOTELS INVESTMENT |
| 10 | JMIL | 131254 | AL JAMIL FOR INVESTMENTS CO |
| 11 | ABUS | 131256 | COMPREHENSIVE MULTIPLE TRANSPORTATIONS CO. |
| 12 | ARDN | 131266 | ARD ANNOMOW FOR REAL ESTATE DEVELOPMENT AND INVESTMENT |
| 13 | AMSE | 131277 | AMAN FOR SECURITIES |
| 14 | UGHI | 131280 | UNITED GROUP (HOLDINGS) |
| 15 | AMWJ | 131281 | AMWAJ PROPERTIES |
| 16 | AMAN | 141105 | AMANA AGRICULTURAL & INDUSTRIAL INVESTMENT |
| 17 | UNTG | 141107 | UNITED INTEGRATED FOR MULTIPLE INDUSTRIES & PUBLIC INVESTMENTS |
| 18 | JMAG | 141130 | JORDAN MAGNESIA |
| 19 | AICG | 141206 | AFIA INTERNATIONAL ( JORDAN ) |
| 20 | AEDI | 131210 | ARAB EAST FOR DEVELOPMENT & INVESTMENTS |
| 21 | CEGE | 131203 | CENTRAL ELECTRICITY GENERATING |
| 22 | ELDI | 131204 | ELECTRICITY DISTRIBUTION |
Listed Companies that are suspended from trading and allowed to be traded through the OTC Market:
| No | Code | Symbol | Company's Name |
| 1 | 131227 | AMWL | AMWAL INVES |
| 2 | 131064 | ABLA | AL AHLIA ENTERPRISES |
| 3 | 131226 | INVH | INVESTMENT HOUSE FOR FINANCIAL SERVICES |
| 4 | 141205 | FNVO | FIRST NATIONAL VEGETABLE OIL INDUSTRIES CO. |
| 5 | 131030 | JOPP | JORDAN PRESS & PUBLISHING/(AD-DUSTOUR) |
| 6 | 131055 | TRTR | TRUST INTERNATIONAL TRANSPORT |
It is worth mentioning that for the purposes of entering Buy and sell orders into the Electronic Trading System through trading stations or the online trading service; the letter "O" must be added to the security symbol i.e. BAMB becomes BAMBO.