Amman , Jordan -June 2005 - Jordan Investment Trust PLC (Jordaninvest) has announced a private placement offering of JD 2 million shares in capital finance on behalf of Al Quds Ready-Mix to reach a total capital of 7 million Jordanian Dinar.
The Jordan Securities Commission approved this private placement on June 22, 2005. The subscription will be open to all the list of approved prospective investors at any Jordan Kuwait Bank branch between 3/7/2005 and 7/7/2005.
The offering is part of the company's objective to expand from the strong boom in the constructions sector and to gain a special share in Jordan's current economic growth. In May 2005 at the World Economic Forum that was held in Jordan, it was publicized that the large construction projects will be progressed throughout different parts of the nation. As a result, it will have a positive effect on the construction sector.
It is important to note, Jordinvest strives to advance the financial industry and distinguishes itself through financing services such as shares and bonds, structuring companies, mergers, financial advisories and IPOs in addition to investment activities, portfolio management and fund in both the Jordanian market and the region.