Date: 23/11/2022

On Wednesday 23/11/2022 the SDC completed the process of registering the unsubscribed share capital increase of (254,444) shares of the Jordan Wood Industries (jwico) Company.

The share capital increase of the said amount is allocated to the Al-Mutlaq Group for Industrial Investment Company.

Thereby, the SDC records of the Jordan Wood Industries (jwico) Company indicates the raise of its capital from (1,145,556) shares to a registered capital of (1,400,000) 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 30/06/2022 which was granted the approval of the Ministry of Industry, Trade and Supply on 24/07/2022, and upon the approval of the Jordan Securities Commission on the share capital increase issued on 30/10/2022.