Global Investment House (Global) announced today that the Jordan Securities Commission cancelled the decision taken last Wednesday to suspend the company’s operations in Jordan. The cancelation came after the judgment issued by the Appellant Court yesterday ordering the release of all frozen funds belonging to Global in Jordan and the letter issued by the company’s auditors. Accordingly, Global resumed its operations in Jordan immediately after the release of the cancelation.
It is worth mentioning that Global’s operation in Jordan is considered one of the largest for Global outside of Kuwait due to the investment environment in Jordan and its geographical location that enabled us to offer an array of investment services to our customers in Palestine, Syria, Lebanon and Jordan. Global played a leading role in Jordan in enhancing Jordan’s capital markets through promoting investment opportunities in the country. The company has invested over JD200 million distributed over different sectors.