Media ININ Economy We Trust
Media In/ Agencies / Amman, May 27, 2018
Jordan Stock Exchange (ASE) held a trading session on Sunday to sell 30,524,200 shares of Jordan Phosphate Company at a price of JD 2,980 per share.
During the meeting, Kamil Holdings Limited’s 37 per cent stake in Jordan Phosphate Company was sold to Indian Potash Limited and Kisan International Trading FZE by 22,588,500 shares and 7,935.700 shares respectively, representing a total value of 91 million dinars.
The transaction was executed through the intermediary United Investment and Brokerage Company through the broker Jordan Financial Investment and Brokerage Company.
The transaction reflects a clear indication of increased confidence in the national economy of the foreign investor and the entry of new liquidity to the financial market, which will create more vitality for trading sessions in the coming period.
The deal highlights the phosphate industry in Jordan, one of the best in the world.
The company has a massive reserves of 1250 million tons of phosphate rock, which helps it build long-term partnerships with fertilizer producers in the world and ensures that it meets the requirements of its customers in quality, quantity and time.
