Media ININ Economy We Trust
Media In / Amman 1 May 2018
The General Authority of Jordan Commercial Facilities Company, a subsidiary of Tamkeen Leasing Company, one of the companies of Invest Bank Group, approved the balance sheet of the company, profit and loss account and distribution account for the financial year ended 31 December 2017.
The company said in a statement issued on Tuesday that the regular general assembly meeting reviewed the company’s achievements for 2017 and its future plan for 2018.
The Chairman of the Board of Directors, Jamal Friz, continued to achieve its objectives to reach the best possible results. At the end of 2017, the company achieved operating profits of KD 4 million. Net profits after taxes and allocations by the end of 2017 amounted to KD 3 million.
“These results reflect the company’s ambitious policy aimed at establishing a strong and stable position among its competitors in the Kingdom,” said Fariz. “We thank the Executive Management and all employees for their efforts to achieve these financial results.
During the meeting, the Ordinary General Assembly approved the report of the Board of Directors for the fiscal year 2017 and the company’s plan of action and approval. In addition to the report of the independent external auditor of the company, and the discharge of the Chairman and members of the Board of Directors for the year 2017 unanimously within the provisions of the law.
PricewaterhouseCoopers (PWC) re-elected PricewaterhouseCoopers as its independent auditor for 2018 and authorized the Board of Directors to determine their fees.
