The Amman Stock Exchange (ASE) was established in March of 1999, as a result of the restructuring process of the Jordan Capital Market. The three institutions established include the Amman Stock Exchange, Jordan Securities Commission (JSC) and the Securities Depository Center (SDC).
The ASE, a private sector, non-profit organization with legal and financial independence, is in charge of running the market, whereas the SDC oversees settlements and maintenance of ownership records. Regulation is in the hands of a government body, the JSC. The ASE observes international standards of fair practice in the orderly transaction conduct of the market.
The Amman Stock Exchange has three separate tiers of stocks that are traded. The three-tier system was established so as to allow investors to readily know the status of any company and the requirements it has fulfilled. It also promotes the transparency of the ASE and the companies traded on the stock exchange.
Securities are electronically traded on the ASE. With a capitalization of $5 billion, the ASE is one of the largest stock markets in the region that permits foreign investment. The exchange currently has 590,000 shareholders 52% of the shares are held by Jordanian corporate and individual investor, foreign investors account for 42% of share ownership and the government through the Jordan Investment Corporation holds 6%.
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