On Wednesday 13/11/2024 the SDC completed the process of registering the share capital increase of (4,779,331) shares of the Jordanian Saudi Investment House For Development & Investment Company.

The share capital increase of the said amount allocated to the shareholders mentioned in the company’s board decision no. (4) dated 23/07/2024, provided that these shares are under lock-up for two years from the completion date of the issuance procedures at the JSC.

Thereby, the SDC records of the Jordanian Saudi Investment House For Development & Investment Company indicates the raise of its capital from (3,000,000) shares to a registered capital of (7,779,331) 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 13/06/2024 which was granted the approval of the Ministry of Industry, Trade and Supply on 01/07/2024, and upon the approval of the Jordan Securities Commission on the share capital Increase issued on 25/09/2024.