Yearbook 2017
Organization Overview
Amman Stock Exchange (ASE) was established in March 1999 as a non-profit independent institution; authorized to function as a regulated market for trading securities in Jordan. On February 20th 2017, the ASE has been registered as a public shareholding company completely owned by the government under the name "Amman Stock Exchange Company (ASE Company)". The ASE Company shall be the legal and factual successor to the ASE. The ASE Company is governed by a seven-member board of directors appointed by the Council of Ministers and a full time chief executive officer oversees day-to-day responsibilities. The ASE Company aims to operate, manage and develop the operations and activities of securities, commodities, and derivatives markets inside and outside Jordan. The ASE Company seeks to provide a strong and secure environment to ensure the interaction of supply and demand forces for trading in securities in proper and fair trading practices, and raising the awareness and knowledge of investing in the financial markets and defining the services provided by the ASE Company. To achieve its goals; the ASE Company sets its internal rules and regulations that will govern its management, also it will set the rules and regulations related to dealing in financial markets according to best international practices. The ASE Company can calculate indices for listed securities, sign agreements, strategic, commercial, investment alliances or partnerships with other securities and derivatives markets inside and outside Jordan, data venders, and any other party that deemed to be necessary. Furthermore the ASE
Company cooperates and exchanges information with other financial markets, regulators, government authorities, non-governmental institutions, and any other parties inside and outside Jordan. It's worth mentioning that transformation the ASE to a company is expected to enhance the role that the ASE plays in serving the national economy, and will enable it to offer better services, attract new companies and new clients, as well as enter into regional and international agreements with various parties to increase its market share regionally and internationally.
Amman Stock Exchange
About Amman Stock Exchange
Established: 1999
Chairman: H.E Dr. Jawad Al Anani
CEO: Mr. Nader Azar
Address: Amman - Arjan Area,
Near Ministry of Interior
Email: [email protected]
Website:https://www.ase.com.jo
The year 2017 will be marked as a cornerstone of the history of Jordan Capital Market, which was established according to the law of 1976, and inaugurated the first day of trading 1st of January 1978. Last year on 20th of February 2017 the Amman Stock Exchange (ASE) has been registered as a public shareholding company fully owned by the government. This transformation will enhance the economic benefit offered by the ASE to the national economy, and will enable it to offer better services, attract new companies and new clients, as well as, form alliances and strategic partnerships with regional and international stock exchanges.
As a result of this transformation, the ASE reviewed the strategic plan for the years (2016-2018) in light of the new legal form of the stock exchange and prepared a new plan for the next three years (2018-2020). The plan includes a number of goals, initiatives and projects aligned with the Jordan’s ten years blue print (2015- 2025) Vision adopted by the
(2018-2020). The plan includes a number of goals, initiatives and projects aligned with the Jordan’s ten years blue print (2015- 2025) Vision adopted by the government of Jordan, in regard to the financial services sector. It also includes the most important elements of the Jordanian Capital Markets Development Roadmap, which is jointly developed by Jordan Securities Commission and the European Bank for Reconstruction and Development.
The (2018-2020) plan further aims to enhance the investment environment in the stock exchange, developing the technical environment, and developing the work in the stock exchange and achieving institutional excellence. This plan entails a significant number of projects, namely: implementing a new electronic trading system, implementing an XBRL disclosure system for the listed companies and the brokerage firms, as well as establishing a securities information center among other projects.
Mr. Nader Azar
CEO of Amman Stock Exchange
government of Jordan, in regard to the financial services sector. It also includes the most important elements of the Jordanian Capital Markets Development Roadmap, which is jointly developed by Jordan Securities Commission and the European Bank for Reconstruction and Development.
The (2018-2020) plan further aims to enhance the investment environment in the stock exchange, developing the technical environment, and developing the work in the stock exchange and achieving institutional excellence. This plan entails a significant number of projects, namely: implementing a new electronic trading system, implementing an XBRL disclosure system for the listed companies and the brokerage firms, as well as establishing a securities information centre among other projects.
Mr. Nader Azar
CEO of Amman Stock Exchange
Click here to read about ASE future outlook and recent market developments.
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