And Announces the Maturity of Bonds Issued by the Company
Amman, January … , 2010: Jordan Investment Trust P.L.C. (Jordinvest), one of the leading providers of comprehensive merchant, investment and financial services locally and regionally, announced the maturity of bonds for Ad-Dulayl Industrial Park & Real Estate Company that were issued in 2004 at a value of JD 4 million. Jordinvest acted as an issue manager in 2004, in addition to acting as the issuer and custodian throughout this period for local and regional individual and corporate investors.
Jordinvest has successfully managed and provided all issue manager and custodian-related services which included managing bonds’ subscription process, securing bonds, claiming interests to pay beneficiaries, organizing and attending general committee meetings for bond owners, issuing & managing reports and settlements for bond owners, in addition to ensuring the payments and redemptions of the bonds. It is worth noting that Jordinvest ensured that all bond owners received their allotted payments on time and without any delay.
Mr. Ahmad Tantash, CEO of Jordinvest stated, “We are proud to have successfully completed our role as issuer and custodian, and we consider this achievement a significant addition to Jordinvest’s track record. This success reflects the special care we at Jordinvest take to develop ourselves and achieve only the best in our collaboration with renowned companies like Ad-Dulayl Industrial Park & Real Estate Company.”
He added, “Offering issue manager and custodian services plays an extremely important role in financial securities investments, especially that it caters to different needs of investors. We are committed to continually providing such services in local and regional markets, in addition to enhancing our services to ensure that we are up to par with the developments taking place in the financial sector across the region.”
Mr. George Khayyat, General Manager of Ad-Dulayl Industrial Park & Real Estate Co expressed his deep appreciation for the efforts exerted by Jordinvest to provide highly-professional and efficient services. He stated, “We consider this achievement as an important milestone for our company, and an added value for the growth of our business. He went on to say, “We have proudly committed to paying back all bond payments on time and without any delay, which proves the strong financial capabilities of our company, and is considered an important achievement in these difficult financial times, especially with the economic crisis hitting the region and the world. We look forward to further cooperation opportunities with Jordinvest and appreciate their professionalism and excellent performance.”
Jordinvest established its operations in the Jordanian market in 1998 as the first Jordanian public shareholding company to offer its clients a variety of integrated investment banking services in domestic, regional and international markets. Its services are primarily focused in asset management and financial advisory services, and include corporate restructuring, debt and capital raising, privatization operations, managing public offerings, issuing bonds, mergers and acquisitions, and conducting in-depth specialized economic, sectoral and equity research.
