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ISIN - Public Issuers
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Serial Security No. ISIN Security Name Security Type
1 150176 JO5034200642 Public Entity Bonds 64 (5.583%) Bonds
2 150179 JO5034200675 Public Entity Bonds 67 (3.967%) Bonds
3 150180 JO5034200683 Public Entity Bonds 68 (3.171%) Bonds
4 150181 JO5034200691 Public Entity Bonds 69 (6.484%) Bonds
5 150182 JO5054200100 Public Entity Bonds 13 (5.449%) Bonds
6 150183 JO5034200709 Public Entity Bonds 70 (7.240%) Bonds
7 150184 JO5054200118 Public Entity Bonds 14 (5.577%) Bonds
8 150185 JO5054200126 Public Entity Bonds 15 (5.650%) Bonds
9 150186 JO5034200717 Public Entity Bonds 71 (6.411%) Bonds
10 150187 JO5034200725 Public Entity Bonds 72 (5.479%) Bonds
11 150188 JO5034200733 Puplic Entity Bonds 73 (5.556%) Bonds
12 151357 JO5014403547 Treasury Bonds 24/2014 (5.433%) Bonds
13 151359 JO5014403562 Treasury Bonds 26/2014 (5.432%) Bonds
14 151362 JO5014403596 Treasury Bonds 29/2014 (5.427%) Bonds
15 151366 JO5014403638 Treasury Bonds 33/2014 (5.436%) Bonds
16 151370 JO5014403679 Treasury Bonds 37/2014 (5.498%) Bonds
17 151371 JO5014403687 Treasury Bonds 38/2014 (5.515%) Bonds
18 151372 JO5014403695 Treasury Bonds 39/2014 (5.555%) Bonds
19 151373 JO5014403703 Treasury Bonds 40/2014 (5.616%) Bonds
20 151375 JO5014403729 Treasury Bonds 42/2014 (5.675%) Bonds
21 151376 JO5014403737 Treasury Bonds 43/2014 (5.720%) Bonds
22 151377 JO5014403745 Treasury Bonds 44/2014 (5.744%) Bonds
23 151382 JO5014403794 Treasury Bonds 49/2014 (5.455%) Bonds
24 151383 JO5014403802 Treasury Bonds 50/2014 (5.459%) Bonds
25 151384 JO5014403810 Treasury Bonds 51/2014 (5.450%) Bonds
26 151385 JO5014403828 Treasury Bonds 52/2014 (5.438%) Bonds
27 151387 JO5014403844 Treasury Bonds 54/2014 (5.420%) Bonds
28 151388 JO5014403851 Treasury Bonds 55/2014 (5.438%) Bonds
29 151392 JO5014403893 Treasury Bonds 59/2014 (5.454%) Bonds
30 151397 JO5014403943 Treasury Bonds 64/2014 (5.476%) Bonds
31 151400 JO5014403976 Treasury Bonds 67/2014 (5.498%) Bonds
32 151403 JO5014404008 Treasury Bonds 70/2014 (5.507%) Bonds
33 151406 JO5014404032 Treasury Bonds 73/2014 (5.533%) Bonds
34 151415 JO5014404123 Treasury Bonds 82/2014 (5.581%) Bonds
35 151430 JO5014404271 Treasury Bonds 05/2015 (5.132%) Bonds
36 151431 JO5014404289 Treasury Bonds 06/2015 (4.725%) Bonds
37 151434 JO5014404313 Treasury Bonds 09/2015 (4.689%) Bonds
38 151437 JO5014404347 Treasury Bonds 12/2015 (4.518%) Bonds
39 151438 JO5014404354 Treasury Bonds 13/2015 (4.456%) Bonds
40 151439 JO5014404362 Treasury Bonds 14/2015 (4.343%) Bonds
41 151444 JO5014404412 Treasury Bonds 19/2015 (4.014%) Bonds
42 151447 JO5014404446 Treasury Bonds 22/2015 (5.398%) Bonds
43 151448 JO5014404453 Treasury Bonds 23/2015 (5.298%) Bonds
44 151449 JO5014404461 Treasury Bonds 24/2015 (3.834%) Bonds
45 151451 JO5014404487 Treasury Bonds 26/2015 (5.100%) Bonds
46 151452 JO5014404495 Treasury Bonds 27/2015 (3.703%) Bonds
47 151453 JO5014404503 Treasury Bonds 28/2015 (3.676%) Bonds
48 151456 JO5014404537 Treasury Bonds 31/2015 (5.006%) Bonds
49 151457 JO5014404545 Treasury Bonds 32/2015 (3.593%) Bonds
50 151460 JO5014404578 Treasury Bonds 35/2015 (4.974%) Bonds
51 151461 JO5014404586 Treasury Bonds 36/2015 (3.586%) Bonds
52 151465 JO5014404628 Treasury Bonds 40/2015 (3.530%) Bonds
53 151468 JO5014404651 Treasury Bonds 43/2015 (3.578%) Bonds
54 151469 JO5014404669 Treasury Bonds 44/2015 (5.009%) Bonds
55 151471 JO5014404685 Treasury Bonds 46/2015 (3.617%) Bonds
56 151480 JO5014404776 Treasury Bonds 03/2016 (3.989%) Bonds
57 151481 JO5014404784 Treasury Bonds Variable Yield 01/2016 Bonds
58 151483 JO5014404800 Treasury Bonds Variable Yield 02/2016 Bonds
59 151484 JO5014404818 Treasury Bonds 05/2016 (4.013%) Bonds
60 151485 JO5014404826 Treasury Bonds 06/2016 (5.119%) Bonds
61 151487 JO5014404842 Treasury Bonds 08/2016 (4.131%) Bonds
62 151488 JO5014404867 Treasury Bonds 09/2016 (5.073%) Bonds
63 151490 JO5014404883 Treasury Bonds 11/2016 (5.136%) Bonds
64 151492 JO5014404909 Treasury Bonds 13/2016 (4.123%) Bonds
65 151494 JO5014404925 Treasury Bonds 15/2016 (3.312%) Bonds
66 151495 JO5014404933 Treasury Bonds 16/2016 (3.200%) Bonds
67 151496 JO5014404941 Treasury Bonds 17/2016 (4.000%) Bonds
68 151497 JO5014404958 Treasury Bonds 18/2016 (5.065%) Bonds
69 151498 JO5014404966 Treasury Bonds 19/2016 (3.967%) Bonds
70 151499 JO5014404974 Treasury Bonds 20/2016 (5.047%) Bonds
71 151500 JO5014404982 Treasury Bonds 21/2016 (3.189%) Bonds
72 151501 JO5014404990 Treasury Bonds 22/2016 (5.047%) Bonds
73 151502 JO5014405005 Treasury Bonds 23/2016 (3.146%) Bonds
74 151503 JO5014405013 Treasury Bonds 24/2016 (3.970%) Bonds
75 151505 JO5014405039 Treasury Bonds 26/2016 (3.162%) Bonds
76 151506 JO5014405047 Treasury Bonds 27/2016 (3.974%) Bonds
77 151507 JO5014405054 Treasury Bonds 28/2016 (4.000%) Bonds
78 151508 JO5014405062 Treasury Bonds 29/2016 (4.020%) Bonds
79 151510 JO5014405088 Treasury Bonds 31/2016 (4.026%) Bonds
80 151512 JO5014405104 Treasury Bonds 33/2016 (3.184%) Bonds
81 151514 JO5014405138 Treasury Bonds 35/2016 (4.058%) Bonds
82 151516 JO5014405153 Treasury Bonds 37/2016 (6.099%) Bonds
83 151517 JO5014405161 Treasury Bonds 38/2016 (6.100%) Bonds
84 151519 JO5014405187 Treasury Bonds 40/2016 (6.150%) Bonds
85 151520 JO5014405195 Treasury Bonds 41/2016 (6.198%) Bonds
86 151521 JO5014405203 Treasury Bonds 42/2016 (4.113%) Bonds
87 151523 JO5014405229 Treasury Bonds 44/2016 (6.248%) Bonds
88 151524 JO5014405237 Treasury Bonds 45/2016 (6.300%) Bonds
89 151525 JO5014405245 Treasury Bonds 46/2016 (6.350%) Bonds
90 151526 JO5014405252 Treasury Bonds 47/2016 (6.400%) Bonds
91 151527 JO5014405260 Treasury Bonds 48/2016 (6.450%) Bonds
92 151528 JO5014405278 Treasury Bonds 49/2016 (6.499%) Bonds
93 151529 JO5014405286 Treasury Bonds 50/2016 (6.494%) Bonds
94 151531 JO5014405302 Treasury Bonds 01/2017 (4.541%) Bonds
95 151532 JO5014405310 Treasury Bonds 02/2017 (5.588%) Bonds
96 151533 JO5014405328 Treasury Bonds 03/2017 (6.499%) Bonds
97 151534 JO5014405336 Treasury Bonds 04/2017 (3.470%) Bonds
98 151535 JO5014405344 Treasury Bonds 05/2017 (4.539%) Bonds
99 151536 JO5014405351 Treasury Bonds 06/2017 (3.484%) Bonds
100 151537 JO5014405369 Treasury Bonds 07/2017 (4.529%) Bonds
101 151538 JO5014405377 Treasury Bonds 08/2017 (4.533%) Bonds
102 151539 JO5014405385 Treasury Bonds 09/2017 (5.978%) Bonds
103 151541 JO5014405401 Treasury Bonds 11/2017 (4.939%) Bonds
104 151542 JO5014405427 Treasury Bonds 12/2017 (5.190%) Bonds
105 151543 JO5014405435 Treasury Bonds 13/2017 (6.197%) Bonds
106 151544 JO5014405443 Treasury Bonds 14/2017 (3.849%) Bonds
107 151545 JO5014405450 Treasury Bonds 15/2017 (5.338%) Bonds
108 151546 JO5014405468 Treasury Bonds 16/2017 (7.999%) Bonds
109 151547 JO5014405476 Treasury Bonds 17/2017 (4.418%) Bonds
110 151548 JO5014405484 Treasury Bonds 18/2017 (6.349%) Bonds
111 151549 JO5014405492 Treasury Bonds 19/2017 (6.298%) Bonds
112 151550 JO5014405500 Treasury Bonds 20/2017 (7.999%) Bonds
113 151551 JO5014405518 Treasury Bonds 21/2017 (6.970%) Bonds
114 151552 JO5014405526 Treasury Bonds 22/2017 (6.291%) Bonds
115 151553 JO5014405534 Treasury Bonds 23/2017 (4.391%) Bonds
116 151554 JO5014405542 Treasury Bonds 24/2017 (4.393%) Bonds
117 151555 JO5014405559 Treasury Bonds 25/2017 (5.397%) Bonds
118 151556 JO5014405567 Treasury Bonds 26/2017 (6.924%) Bonds
119 151557 JO5014405575 Treasury Bonds 01/2018 (4.150%) Bonds
120 151558 JO5014405583 Treasury Bonds 02/2018 (4.448%) Bonds
121 151559 JO5014405591 Treasury Bonds 03/2018 (5.450%) Bonds
122 151560 JO5014405609 Treasury Bonds 04/2018 (6.284%) Bonds
123 151561 JO5014405617 Treasury Bonds 05/2018 (4.139%) Bonds
124 151562 JO5014405625 Treasury Bonds Variable Yield 01/2018 Bonds
125 151563 JO5014405633 Treasury Bonds 06/2018 (6.810%) Bonds
126 151564 JO5014405641 Treasury Bonds 07/2018 (5.471%) Bonds
127 151565 JO5014405658 Treasury Bonds 08/2018 (4.400%) Bonds
128 151566 JO5014405666 Treasury Bonds 09/2018 (5.505%) Bonds
129 151567 JO5014405674 Treasury Bonds 10/2018 (4.459%) Bonds
130 151568 JO5014405682 Treasury Bonds 11/2018 (6.099%) Bonds
131 151569 JO5014405690 Treasury Bonds 12/2018 (6.680%) Bonds
132 151570 JO5014405708 Treasury Bonds 13/2018 (5.674%) Bonds
133 151571 JO5014405716 Treasury Bonds 14/2018 (4.719%) Bonds
134 151572 JO5014405724 Treasury Bonds 15/2018 (6.737%) Bonds
135 151573 JO5014405732 Treasury Bonds 16/2018 (6.271%) Bonds
136 151574 JO5014405740 Treasury Bonds 17/2018 (4.608%) Bonds
137 151575 JO5014405765 Treasury Bonds 18/2018 (7.900%) Bonds
138 151576 JO5014405773 Treasury Bonds 19/2018 (6.286%) Bonds
139 151577 JO5014405781 Treasury Bonds 20/2018 (7.932%) Bonds
140 151578 JO5014405799 Treasury Bonds 21/2018 (6.289%) Bonds
141 151579 JO5014405807 Treasury Bonds 22/2018 (6.789%) Bonds
142 151580 JO5014405815 Treasury Bonds 01/2019 (5.675%) Bonds
143 151581 JO5014405823 Treasury Bonds 02/2019 (6.194%) Bonds
144 151582 JO5014405831 Treasury Bonds 03/2019 (6.183%) Bonds
145 151583 JO5014405849 Treasury Bonds 04/2019 (6.699%) Bonds
146 151584 JO5014405856 Treasury Bonds 05/2019 (5.648%) Bonds
147 151585 JO5014405864 Treasury Bonds 06/2019 (6.111%) Bonds
148 151586 JO5014405872 Treasury Bonds 07/2019 (5.568%) Bonds
149 153239 JO5014502405 Treasury Bills 17/2018 Bonds
150 153242 JO5014502439 Treasury Bills 20/2018 Bonds
151 153243 JO5014502447 Treasury Bills 21/2018 Bonds
152 153245 JO5014502462 Tresury Bills 23/2018 Bonds
153 153246 JO5014502470 Treasury Bills 24/2018 Bonds
154 153250 JO5014502512 Treasury Bills 28/2018 Bonds
155 153251 JO5014502520 Treasury Bills 29/2018 Bonds
156 153252 JO5014502538 Treasury Bills 01/2019 Bonds
157 153253 JO5014502546 Treasury Bills 02/2019 Bonds
158 153254 JO5014502553 Treasury Bills 03/2019 Bonds
159 153255 JO5014502561 Treasury Bills 04/2019 Bonds
160 155001 JO5014700017 Individual Saving Bonds 01/2016 (4.25%) Bonds
161 155002 JO5014700025 Individual Saving Bonds 02/2016 (4.25%) Bonds
162 158001 JO5050058015 Sukuk Of National Electric Power 1 (3.50%) Islamic Sukuk
163 158002 JO5060058013 Sukuk Of Jordan Islamic Company 1 (3.01%) Islamic Sukuk
164 158003 JO5050058023 Sukuk Of National Electric Power 2 (4.1%) Islamic Sukuk
165 158004 JO5050058031 Sukuk Of National Electric Power 3 (5.47%) Islamic Sukuk
166 161003 JO5014404859 Treasury Bonds In Us Dollars 1/2016 (3.242%) Bonds
167 161004 JO5014405112 Treasury Bonds In Us Dollars 02/2016 (3.240%) Bonds
168 161005 JO5014405419 Treasury Bonds In Us Dollars 01/2017 (4.00%) Bonds
169 161006 JO5014405757 Treasury Bonds In Us Dollars 01/2018 (5.25%) Bonds
 
Article (146):†† Membership in More than One Board of Directors
A-
Any person is entitled, in his personal capacity, to be a member of the Board of a maximum of three Public Shareholding Companies concurrently. A person is also entitled to represent a corporate body in the Board of Directors of three Public Shareholding Companies at most. In all events, the said person is not entitled to be a member of the Board of Directors of more than five Public Shareholding Companies in his personal capacity in some, and as a representative of a corporate body in the others. Any membership in a Board of Directors of a Public Shareholding Company obtained by such person contrary to the provisions of this paragraph, shall by the force of Law, be considered null and void.
B-
Each candidate nominated for membership of the Board of Directors of a Public Shareholding Company shall notify the Controller in writing of the names of the companies in which he is a member in the Boards of Directors therein.
C-
No person may nominate himself for the membership of a Board of Directors of a Public Shareholding Company in his personal capacity or as a representative of a corporate body if the number of his memberships equals the number stipulated in paragraph (a) of this Article. However, he is permitted to resign from any membership within two weeks from the date of his new membership nomination, provided that he may not attend the meetings of the Board of Directors of the Company to which he was elected a member, prior to rectifying his position in accordance to the provisions of this article.
Article (150) :
The Members shall adjust their situation in accordance with these Instructions including depositing securities by virtue of the decisions issued by the Board of Directors for this purpose.
Article (60): Company Management
A-
The Company shall be managed by a manager or Management Committee whose members shall not be less than two and not more than seven, whether they are shareholders or others, in accordance with the Company's Memorandum of Association for a period of four years. The Memorandum may provide for a shorter period. The Management Committee shall elect a chairman, a deputy chairman and those authorized to sign on behalf of the Company.
B-
The manager of the Limited Liability Company or its Management Committee shall have full power to manage the Company within the limits specified by its Memorandum of Association. Transactions and actions realized or exercised by the manager or Management Committee in the name of the Company shall be binding on the Company before others dealing with the company in good faith, irrespective of any restriction stipulated in the Company's Articles or Memorandum of Association.
C-
Others dealing with the Company shall be considered bona fide unless the contrary is proven. However, others shall not be obligated to ascertain that there is any restriction on the powers of the managers or the Management Committee in their power to bind the Company under its Articles or Memorandum of Association.

Article (135) Government and Official Corporationsí Representation in the Board of Directors

A- 1.
Should the Government or any official public corporation or any public corporate body subscribe in a Public Shareholding Company, then they shall be entitled to be represented on its Board of Directors, by a number in proportion to their subscription proportion in the Company's capital if that proportion entitles it for one or more memberships in the Board, and in this case it shall not participate in the election of other Board members. If their subscription is less than the percentage that grants them membership in the Board than they shall use their nomination right and participate in electing the members of this Board just like any other shareholder, and the person representing any of same on the Board shall enjoy all the membership rights and bear its responsibilities. It is not permitted, in accordance with the provisions of this paragraph, to appoint one member on more than one Board of Directors of two companies in which the Government or official public corporation or public corporate body is a subscriber therein, including Arab and foreign companies, or companies that an official public corporation or public corporate body is a subscriber therein.
2.
If, and in any event, a representative of the Government or an official public corporation or public corporate body is appointed in more than two Companies' Board of Directors, then he shall be obligated under legal and disciplinary liability to correct his position during a period that does not exceed a month, in accordance with the provisions of clause (1) of this paragraph, by notifying the specialized body he represents in order for it to appoint a replacement in the company in which he relinquished his membership, and shall notify the Controller thereof. This provision is applicable to all existing cases upon this Law coming into force.
B-
The membership of the representative of the Government or the official corporation or the other public corporate bodies in the Board of Directors of the Public Shareholding Company shall continue for the term determined for the Board. The party that appointed the said representative shall have the right to appoint another person to replace him, at any time, for the remaining period of his predecessorís term in the Board, or to delegate someone to temporarily replace him in the event of his illness or absence, provided that the Company is informed in writing in both situations.
C-
Should the member who represents the Government or the official public corporation or any public corporate body submit his resignation from the Company's Board of Directors, his resignation shall be accepted, and the entity whom he represented must appoint a new representative to replace him.
D-
Provisions relating to the appointment of a Government representative on the Board of Directors of Public Shareholding Companies shall be determined in accordance with the Jordan Investment Corporation Law and the regulations issued pursuant thereto, and any other legislation that amends or replaces the said Law.
E-
The provision of this Article shall apply to non-Jordanian governments and public corporate bodies when subscribing to the capitals of Jordanian companies.

Article (136): The Representation of a Corporate Body
If a corporate body, other than public corporate bodies referred to in Article (135) of this Law is a shareholder in a Public Shareholding Company, then it may be nominated for a number of seats in the Board of Directors in proportion to its shareholding in the Company's capital. In event of its election it shall name a natural person to represent it in the Board of Directors within ten days of the date of its election, provided that the appointee holds the membership conditions and qualifications stipulated in this Law with the exception to his ownership of the Board of Directorsí qualifying shares. A corporate body is deemed to have lost its membership if it fails to name its representative within a month of its election. The corporate body may also replace its representative with another natural person during the Board's duration.
Resultant of trades
No. of Management Committee Incomplete
Article (133): Shares whose Ownership is Necessary for the Nomination for the Board Membership
A-
The Public Shareholding Company's Memorandum of Association shall specify the number of shares which must be held by a member to qualify for nomination as a member of the Board of Directors, and to retain his position as a member therein. Those shares should not be attached, mortgaged or under any other lien which prevents their unrestricted disposal. The restriction provided for in Article (100) of this Law, regarding prohibiting the disposal of founding shares, shall be excluded from this provision.
B-
The qualifying number of shares for membership on the Board of Directors shall continue to be attached as long as the owner of such shares is a member of the Board of Directors and for a further period of six months following the expiry date of his term therein. Such shares may not be negotiated during that period. To that end the shares shall be marked as attached shares and a reference to this effect shall be made in the shareholders register. Such an attachment is made as a security for the Company's interest and to guarantee the obligations and responsibilities of that member and the Board of Directors.
C-
Any member of the Board of Directors of a Public Shareholding Company shall be automatically abated from his term of office if, for any reason whatsoever, the number of shares that he should own decreases to less than the number of shares which he should be an owner of pursuant to paragraph (a) of this Article, or if an attachment has been levied upon the shares pursuant to a final Court decision, or it they have been mortgaged during his term of office, unless he completes the shares which have been decreased from the shares which qualify him for such term in the Board within a period that does not exceed thirty days. Such shareholder may not attend any of the Boardís meetings during the period in which the decrease of his shares occurs.
Article (95):†† Fixing the Company's Capital and Duration of Paying the Unsubscribed Part
A-
The authorized capital of the Public Shareholding Company and the subscribed part shall be fixed in Jordanian Dinars and shall be divided into nominal shares at a par-value of one Dinar each, provided that the authorized capital shall not be less than five hundred thousand (500,000) Dinars and the subscribed capital shall not be less than one hundred thousand (100,000) Dinars or twenty percent (20%) of the authorized capital, whichever is greater.
B-
Subject to the provisions of paragraph (d) of this Article, the un-subscribed capital shall be paid within three years of the date of the Company's founding or the increase of the capital, as the case may be. In the event of default in payment of the un-subscribed capital within the said period, the following should be observed
1.
If the subscribed capital exceeds five hundred thousand (500,000) Dinars at the end of the period, the authorized capital of the Company shall be become its actual subscribed capital.
2.
If the subscribed capital is less than five hundred thousand (500,000) Dinars at the end of the period, the Controller shall issue a warning to the Company to pay the necessary difference in the amount with the effect that the actual subscribed capital of the Company becomes five hundred thousand (500,000) Dinars within thirty days from the date the notice is served to the Company. Should the Company fail to do so, the Controller shall have the right to request the Court to liquidate the Company in accordance with the provisions of Article (266) of this Law.
C-
The Company's Board of Directors may re-issue the un-subscribed shares of the authorized capital of the Company as the Company's interests may warrant, and at the value which is deemed proper by the Board, whether such value is equivalent to the nominal value of the share, or higher or lower than it, provided that such shares shall be issued in accordance with the provisions of the applicable regulations and legislations in force.
D-
The Board of Directors of the Public Shareholding Company shall obtain the approval of the extraordinary General Assembly in the event that the un-subscribed shares are covered by any of the following methods:
1.
Incorporating the voluntary reserve into the Company's capital;
2.
Capitalization of the Company's debts or any part thereof provided that the creditors of these debts consent thereto in writing;
3.
Conversion of convertible bonds into shares in accordance with the provisions of this Law.
E-
It shall be permissible by a decision of the General Assembly in accordance with rules set by same for this purpose to allocate a part of the Company's un-subscribed capital as an incentive to the Company's employees. In such a case, this part may continue to be offered to them for a period that does not exceed four years as of the date of the Company's registration or the increase in its capital, as the case may be.
F-
The Board of Directors may issue shares as provided for by the provisions of the Securities Law in force.
Article (95):†† Fixing the Company's Capital and Duration of Paying the Unsubscribed Part
A-
The authorized capital of the Public Shareholding Company and the subscribed part shall be fixed in Jordanian Dinars and shall be divided into nominal shares at a par-value of one Dinar each, provided that the authorized capital shall not be less than five hundred thousand (500,000) Dinars and the subscribed capital shall not be less than one hundred thousand (100,000) Dinars or twenty percent (20%) of the authorized capital, whichever is greater.
B-
Subject to the provisions of paragraph (d) of this Article, the un-subscribed capital shall be paid within three years of the date of the Company's founding or the increase of the capital, as the case may be. In the event of default in payment of the un-subscribed capital within the said period, the following should be observed
1.
If the subscribed capital exceeds five hundred thousand (500,000) Dinars at the end of the period, the authorized capital of the Company shall be become its actual subscribed capital.
2.
If the subscribed capital is less than five hundred thousand (500,000) Dinars at the end of the period, the Controller shall issue a warning to the Company to pay the necessary difference in the amount with the effect that the actual subscribed capital of the Company becomes five hundred thousand (500,000) Dinars within thirty days from the date the notice is served to the Company. Should the Company fail to do so, the Controller shall have the right to request the Court to liquidate the Company in accordance with the provisions of Article (266) of this Law.
C-
The Company's Board of Directors may re-issue the un-subscribed shares of the authorized capital of the Company as the Company's interests may warrant, and at the value which is deemed proper by the Board, whether such value is equivalent to the nominal value of the share, or higher or lower than it, provided that such shares shall be issued in accordance with the provisions of the applicable regulations and legislations in force.
D-
The Board of Directors of the Public Shareholding Company shall obtain the approval of the extraordinary General Assembly in the event that the un-subscribed shares are covered by any of the following methods:
1.
Incorporating the voluntary reserve into the Company's capital;
2.
Capitalization of the Company's debts or any part thereof provided that the creditors of these debts consent thereto in writing;
3.
Conversion of convertible bonds into shares in accordance with the provisions of this Law.
E-
It shall be permissible by a decision of the General Assembly in accordance with rules set by same for this purpose to allocate a part of the Company's un-subscribed capital as an incentive to the Company's employees. In such a case, this part may continue to be offered to them for a period that does not exceed four years as of the date of the Company's registration or the increase in its capital, as the case may be.
F-
The Board of Directors may issue shares as provided for by the provisions of the Securities Law in force.
Article (132):†† The Board of Directors
A-
The management of a Public Shareholding Company is entrusted to a Board of Directors whose members shall not be less than three and not more than thirteen as determined by the Company's Memorandum of Association. The members of the Board shall be elected by the Company's General Assembly by means of a secret ballot in accordance with the provisions of this Law. The Board of Directors shall undertake the management of the Company for four years as from the date of its election.
B-
The Board of Directors shall invite the Company's General Assembly to meet during the last three months of its term, in order to elect a new Board of Directors to replace it as of the date of its election, provided that the Board continues to manage the affairs of the Company until the new Board is elected if its election is delayed for any reason whatsoever. The delay in this case should not exceed three months from the expiry date of the term of the existing Board whatever the case maybe.
Article (60)†: Company Management
A-
The Company shall be managed by a manager or Management Committee whose members shall not be less than two and not more than seven, whether they are shareholders or others, in accordance with the Company's Memorandum of Association for a period of four years. The Memorandum may provide for a shorter period. The Management Committee shall elect a chairman, a deputy chairman and those authorized to sign on behalf of the Company.
B-
The manager of the Limited Liability Company or its Management Committee shall have full power to manage the Company within the limits specified by its Memorandum of Association. Transactions and actions realized or exercised by the manager or Management Committee in the name of the Company shall be binding on the Company before others dealing with the company in good faith, irrespective of any restriction stipulated in the Company's Articles or Memorandum of Association.
C-
Others dealing with the Company shall be considered bona fide unless the contrary is proven. However, others shall not be obligated to ascertain that there is any restriction on the powers of the managers or the Management Committee in their power to bind the Company under its Articles or Memorandum of Association.
Article (167):
A-
Should the chairman of the Board of Directors of a Public Shareholding Company, or any of its members, submit their resignation, or should the Board cease to have legal quorum due to the resignation of a number of its members, and if the General Assembly fails to elect a Board of Directors for the Company, the Minister shall upon a recommendation of the Controller, form a temporary committee composed of any number of experienced and specialized persons which he deems appropriate. The Minister shall appoint from amongst the members of the committee a chairman and a deputy in order to assume the management to the Company. He shall also invite the General Assembly to meet within a period not exceeding six months from the date of the formation of the committee, in order to elect a new Board of Directors for the Company. The chairman of the committee and its members shall be granted remuneration at the expense of the Company in accordance with what is determined by the Minister.

Article (167) The Right of the Minister to Form a Committee to Manage the Company upon the Resignation of the Board of Directorsí Chairman and Members

A-

Should the chairman of the Board of Directors of a Public Shareholding Company, or any of its members, submit their resignation, or should the Board cease to have legal quorum due to the resignation of a number of its members, and if the General Assembly fails to elect a Board of Directors for the Company, the Minister shall upon a recommendation of the Controller, form a temporary committee composed of any number of experienced and specialized persons which he deems appropriate. The Minister shall appoint from amongst the members of the committee a chairman and a deputy in order to assume the management to the Company. He shall also invite the General Assembly to meet within a period not exceeding six months from the date of the formation of the committee, in order to elect a new Board of Directors for the Company. The chairman of the committee and its members shall be granted remuneration at the expense of the Company in accordance with what is determined by the Minister.

B-
The provisions of paragraph (a) of this Article shall apply to Banks, financial services companies and insurance companies, after seeking the opinion of the Governor of the Central Bank of Jordan, the Securities Commission and the Insurance Regulatory Commission, as the case may be.

Article (168) Notification of the Controller of Occurrence of a Serious Loss to the Company and Right of Minster to Dissolve the Board

A-

The chairman of the Board of Directors, any members thereof, its general manager or its auditors shall notify the Controller of the occurrence of any financial or administrative disorders or serious losses which affect the rights of the Company's shareholders or creditors. The Controller shall also be notified if the Company Board of Directors, or any member thereof, or its general manager exploit their powers and position in any manner that achieves for their or anotherís account any benefit in an illegitimate manner. This provision shall apply in case any of same abstain from work which the Law stipulates its implementation or the completion of any practice pertaining to fraud or considered embezzlement, forgery or breach of trust in a manner that affects the rights of the Company and its shareholders. Failure to do so by any of the aforesaid shall subject them to ommisive liability.

B-
The Minister shall, in any of these cases and upon the recommendation of the Controller, after ascertaining the correctness of the notification, dissolve the Company's Board of Directors and form a committee of any number, which he deems appropriate, of experienced and specialized persons to manage the Company for a period of six months renewable twice at most and shall appoint a chairman and a deputy chairman from amongst its members. In this case, the committee shall invite the General Assembly during that period to elect a new Board of Directors for the Company. The chairman and members of the committee shall be granted remuneration, at the Company's expense, as shall be determined by the Minister.
C-
The provisions of this Article shall apply to Limited Liability Companies and Private Shareholding Companies in any case approved by the Council of Ministers upon the recommendation of the Minist.

Article (135) Government and Official Corporationsí Representation in the Board of Directors

A- 1.
Should the Government or any official public corporation or any public corporate body subscribe in a Public Shareholding Company, then they shall be entitled to be represented on its Board of Directors, by a number in proportion to their subscription proportion in the Company's capital if that proportion entitles it for one or more memberships in the Board, and in this case it shall not participate in the election of other Board members. If their subscription is less than the percentage that grants them membership in the Board than they shall use their nomination right and participate in electing the members of this Board just like any other shareholder, and the person representing any of same on the Board shall enjoy all the membership rights and bear its responsibilities. It is not permitted, in accordance with the provisions of this paragraph, to appoint one member on more than one Board of Directors of two companies in which the Government or official public corporation or public corporate body is a subscriber therein, including Arab and foreign companies, or companies that an official public corporation or public corporate body is a subscriber therein.
2.
If, and in any event, a representative of the Government or an official public corporation or public corporate body is appointed in more than two Companies' Board of Directors, then he shall be obligated under legal and disciplinary liability to correct his position during a period that does not exceed a month, in accordance with the provisions of clause (1) of this paragraph, by notifying the specialized body he represents in order for it to appoint a replacement in the company in which he relinquished his membership, and shall notify the Controller thereof. This provision is applicable to all existing cases upon this Law coming into force.
B-
The membership of the representative of the Government or the official corporation or the other public corporate bodies in the Board of Directors of the Public Shareholding Company shall continue for the term determined for the Board. The party that appointed the said representative shall have the right to appoint another person to replace him, at any time, for the remaining period of his predecessorís term in the Board, or to delegate someone to temporarily replace him in the event of his illness or absence, provided that the Company is informed in writing in both situations.
C-
Should the member who represents the Government or the official public corporation or any public corporate body submit his resignation from the Company's Board of Directors, his resignation shall be accepted, and the entity whom he represented must appoint a new representative to replace him.
D-
Provisions relating to the appointment of a Government representative on the Board of Directors of Public Shareholding Companies shall be determined in accordance with the Jordan Investment Corporation Law and the regulations issued pursuant thereto, and any other legislation that amends or replaces the said Law.
E-
The provision of this Article shall apply to non-Jordanian governments and public corporate bodies when subscribing to the capitals of Jordanian companies.

Article (136): The Representation of a Corporate Body
If a corporate body, other than public corporate bodies referred to in Article (135) of this Law is a shareholder in a Public Shareholding Company, then it may be nominated for a number of seats in the Board of Directors in proportion to its shareholding in the Company's capital. In event of its election it shall name a natural person to represent it in the Board of Directors within ten days of the date of its election, provided that the appointee holds the membership conditions and qualifications stipulated in this Law with the exception to his ownership of the Board of Directorsí qualifying shares. A corporate body is deemed to have lost its membership if it fails to name its representative within a month of its election. The corporate body may also replace its representative with another natural person during the Board's duration.
Last update on Tuesday 26-03-2019 at 15:37:34
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