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Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.37 0.33 0.43
Value Traded (JD) 2,622,539 1,044,641 3,379,035
No. of Shares Traded 8,148,656 3,019,987 7,357,529
No. of Transactions 1,010 1,173 1,624
No. of Subscribed Shares 49,625,545 49,625,545 49,625,545
Market Capitalization (JD) 18,361,452 16,376,430 21,338,984
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Current Assets
Cash on Hand & at Banks 568,615 24,954 49,828
Financial Assets at Fair Value Through Profit 1,129,948 1,437,041 1,609,696
Real Estate Ready for Sale 11,525,499 11,316,442 11,312,073
Cheques to Be Collected 240,000 0 0
Other Current Assets 14,391 19,963 26,003
Total Current Assets 13,785,123 13,110,492 13,320,980
Non-Current Assets
Investments in Real Estates 13,738,738 15,689,425 16,446,523
Financial Assets at Fair Value Through Other Comprehensive Income 1,004,171 1,112,841 1,240,610
Fixed Assets, Net 42,050 43,630 45,459
Projects in Progress 3,402,715 2,524,786 5,175,194
Investments in Companies (Sister and Affiliate) 1,188,211 1,231,728 1,219,470
Other Non-Current Assets 14,070,399 14,100,356 13,899,461
Total Non-Current Assets 33,446,284 34,702,766 38,026,717
Total Assets 47,231,407 47,813,258 51,347,697

Liabilities (JD)

2020 2019 2018
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 533,335 762,048 1,718,984
Other Current Liabilities 1,697,862 1,625,029 3,945,284
Total Current Liabilities 2,668,645 2,929,502 5,996,078
Non-Current Liabilities
Long Term Loan 3,285,701 3,881,286 2,731,933
Corporate Bonds 0 0 0
Other Non-Current Liabilities 5,252,842 5,414,520 5,274,933
Total Non-Current Liabilities 8,538,543 9,295,806 8,006,866
Total Liabilities 11,207,188 12,225,308 14,002,944

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 49,625,545 49,625,545 49,625,545
Subscribed Capital 49,625,545 49,625,545 49,625,545
Paid in Capital 49,625,545 49,625,545 49,625,545
Compulsory Reserves 436,517 370,748 370,748
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 2,889,115 2,889,115 2,889,115
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -1,902,982 -1,823,189 -1,720,701
Retained Earnings -20,365,640 -20,924,787 -19,941,485
Total Owners' Equity (Pertaining to Company's Shareholders) 24,904,325 24,359,202 25,444,992
Non-controlling Interest 11,119,894 11,228,748 11,899,761
Total Owners' Equity 36,024,219 35,587,950 37,344,753
Total Liabilities & Owners' Equity 47,231,407 47,813,258 51,347,697

Income Statement (JD)

2020 2019 2018
Revenues
Lands and Apartments Sales Revenue 3,470,641 2,976,010 170,000
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 3,470,641 2,976,010 170,000
Profits From Sales of Securities -15,836 0 0
Securities Revaluation -191,893 -155,476 -62,306
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit -35,277 20,686 -5,235
Other Revenues 0 60,913 62,997
Total Revenues 3,227,635 2,902,133 165,456
Expenses
Lands and Apartments Sales Expense 1,946,142 3,489,979 92,447
Rents and Services Expense 0 0 0
General and Administrative Expenses 318,827 317,263 443,732
Depreciation 1,580 1,828 1,872
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 2,264,969 3,807,242 536,179
Other Expenses 30,957 0 0
Profit Before Interest, Income Tax and Fees Expenses 931,709 -905,109 -370,723
Interest Expense 401,076 433,624 396,143
Profit Before Tax and Fees Expenses 530,633 -1,338,733 -766,866
Jordanian Universities Fees 0 0 0
Scientific Research Fees 0 0 0
Professional and Technical Training and Education Fees 0 0 0
Board Members Remuneration 0 0 0
Previous Years Income Tax 0 0 0
Income Tax 32,771 0 0
Net Profit 497,862 -1,338,733 -766,866
Non-controlling Interest -127,054 -355,431 -80,464
Net Income Pertaining to Shareholders 624,916 -983,302 -686,402

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 24,954 49,828 178,134
Net Cash Flow from (Used in) Operating Activities -779,632 -572,292 -504,405
Net Cash Flow from (Used in) Investing Activities 2,393,003 532,038 170,000
Net Cash Flow from (Used in) Financing Activities -1,069,710 15,380 206,099
Cash Balance (Ending) 568,615 24,954 49,828

Financial Ratios

2020 2019 2018
Turnover Ratio % 16.420 6.090 14.830
Earnings Per Share (JD) 0.010 -0.020 -0.010
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.500 0.490 0.510
Price Earnings Ratio (Times) 29.380 -16.650 -31.090
Dividend Yield % 0.000 0.000 0.000
Dividends Per Share to Earnings Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.740 0.670 0.840
Return On Assets % 1.050 -2.800 -1.490
Return On Equity % 2.510 -4.040 -2.700
Debt Ratio % 23.730 25.570 27.270
Equity Ratio % 76.270 74.430 72.730
Interest Coverage Ratio (Times) 2.320 -2.090 -0.940
Total Assets Turnover (Times) 0.070 0.060 0.000
Fixed Assets Turnover (Times) 82.540 68.210 3.740
Working Capital Turnover (Times) 0.310 0.290 0.020
Current Ratio (Times) 5.170 4.480 2.220
Working Capital (JD) 11,116,478.000 10,180,990.000 7,324,902.000