Stage 1: Establishment and Business Strategy

Year
1999

The Securities Depository Center (SDC) made its first achievements through its establishment as a public utility institution by virtue of the Securities Law No. (23) of 1997, which was issued within the Hashemite Kingdom of Jordan’s directive towards structuring the Jordanian capital market with the aim of creating a safe, stable and supportive investment environment for the national economy, through separating the supervisory role from the executive role in the Jordanian capital market in implementation of the international standards applied in the financial markets, as the SDC was established in May of the year 1999 during the reign of His Majesty King Abdullah II Ibn Al Hussein, may Allah protect him, where the center began in appointing qualified and efficient human resources, in addition to setting the legislative framework of by-laws and instructions necessary to carry out the business of the SDC and regulate its relationship with issuers and licensed financial services companies.

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