Global establishes a brokerage subsidiary in Jordan
Global Investment House “Global” announced today that six years after Global’s entry into the Jordanian market and its effective contribution to the Jordanian economy, Global recently launched a brokerage subsidiary under the name Universal Brokerage which is a subsidiary of Global Investment House for trading at the Jordan Stock Exchange.
The subsidiary’s establishment comes in line with Global’s strategy to invest in the region, due to the ever growing appetite for Arab and Foreign investors to invest in the Amman Financial Market. This reflects and confirms Global’s and the Jordanian capital market confidence in the Jordanian Market. The company’s capital has also been increased to 15 million JOD.
Mr. Omar El-Quqa, Exectuvie Vice President at Global said, “ Global is considered to be one of the largest investment companies in the region with a total market capital exceeding KD 136 Million and has achieved a net profit of KD 9.1 Million during the year 2007”.
He also pointed that Global has achieved a lot since its inception as it played a main role in improving the capital markets. It has played the role of lead manager in issuing bonds and Islamic Finance deals, in addition to being a consultant to a number of companies.
El-Quqa clarified the inception of this company comes as an additional means for expanding Global’s services in the Jordanian economy, as well as being a new service that Global has added to its excellent services to enhance its investments in the Jordanian Financial Market. Global also aims to present its clients with excellent services which reflects Global’s commitment to its clients and its aim to exceed their expectations.