Listing Directives for the Year 2012

As of the 1^st of October, 2012, Amman Stock Exchange (ASE) starts applying the directives of listing of securities in the Amman Stock Exchange for the year 2012 which were issued by virtue of the provisions of Article (72) of the Securities Law No. (76) of 2002, that was approved recently by the Board of Commissioners of the  Jordan Securities Commission.

The CEO of the ASE, Mr. Jalil Tarif said that these directives have introduced new concepts and advanced vision taking into consideration international standards in the context of markets segmentation and listing requirements, through distributing public shareholding companies listed on the ASE on three markets, according to multiple standards including shareholders equity, free float of the company, profitability, number of shareholders, and capital.

Tarif revealed that companies listed on ASE will be distributed on the three markets mentioned above according to lists attached hereto; these lists rely on the available financial statements and liquidity data of listed companies for the year 2011 to verify that the mentioned companies fulfilled the listing requirements specified for each market.

Tarif stressed that the ASE will continue trading in shares of  listed companies according to the mechanism currently in place, Also,  the ASE  will soon set a date  to begin trading on  listed companies according to the new distribution mentioned above, the daily percentages of thresholds and trading sessions timings and phases approved for each of these markets .