Completion of the Share Capital Increase of the Jordan Commercial Bank Co.
Date: 08/12/2015
On Tuesday December 08, 2015 the SDC completed the process of registering the share capital increase of (5,000,000) shares of the Jordan Commercial Bank Company.
The share capital increase of the said amount reflects stock dividends distributed to all shareholders of the company.
Thereby, the SDC records of the Jordan Commercial Bank Company indicates the raise of its capital from (100,000,000) shares to a registered capital of (105,000,000) shares as a result of the mentioned share capital increase.
The above mentioned procedure is conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on June 11, 2015 which was granted the approval of the Ministry of Industry and Trade on August 27, 2015, and upon the approval of the Jordan Securities Commission on the Share Capital Increase issued in November 25, 2015.