Securities Depository Center Holds its General Assembly Meeting

The Securities Depository Center (SDC) held its annual general assembly meeting on Wednesday, April 16, 2025. The meeting was chaired by the SDC's Chairman of the Board of Directors, Dr. Adeeb Haddad, and attended by members of the board of directors, CEO Ms. Sara Tarawneh, a representative of the Jordan Securities Commission, and a number of its members from public shareholding companies, brokers, and custodians. During the meeting, the general assembly approved the 2024 annual report, financial statements, and the auditor's report.

Among the most notable achievements in 2024, which contributed to strengthening the SDC's role as a key player in the Jordanian capital market, the SDC develop the services provided to investors and its members including redesigned and developed the website, featuring a simple and modern design that meets users' needs. The SDC also completed the developed of the infrastructure for information security devices and established a framework for joint and sustainable cooperation with the National Cybersecurity Center. It also developed the "E-portfolio" service, where an electronic application for this service was launched, which can be downloaded free of charge on smartphones. In addition to the financial settlement for block trades through the SDC.

Within the framework of regional and international cooperation, the SDC signed a Memorandum of Understanding with the Qatar Central Securities Depository (Edaa) to exchange knowledge and expertise. It also signed an electronic linkage agreement with the Abu Dhabi Securities Exchange (ADX) to enable remote trading by financial brokers in both markets, and to settle their trades based on regulatory and procedural controls determined by the Center for this purpose under the agreement.

Tarawneh also indicated that the Securities Depository Center will continue to perform its duties, functions, and services this year and in the coming years to achieve its comprehensive vision. It will also continue to implement various strategic projects that support the development of capital market operations, in coordination and cooperation with capital market institutions, to contribute to enhancing national economic growth and protecting financial stability.

In conclusion, the Chairman of the Board of Directors extended his sincere thanks to the Jordan Securities Commission and the Amman Stock Exchange Company. He also expressed his sincere thanks and gratitude to all members of the General Assembly of the SDC for their trust and continuous support, and to all members of the Board of Directors, the Executive Management and the SDC’s staff for their efforts and sincere cooperation in strengthening the SDC’s position and achieving its goals and future aspirations for progress and prosperity under the leadership of His Majesty King Abdullah II Ibn Al Hussein.

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