FEAS Yearbook FEAS Yearbook 2018 | Page 59

Yearbook 2018

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.

Objectives:

-Creating an attractive, safe, competitive, transparent and credible investment environment.

-Developing processes, methods, and systems for trading securities in the stock market according to the latest international standards.

-Developing and delivering an outstanding service to the related parties.

-Disseminating trading information to the largest possible number of traders and interested parties.

-Enhance the public awareness of all segments of society, while devoting special attention to traders of securities.

-Increasing the depth and the transparency of the ASE and diversifying the financial instruments available to investors.

Vision:

Advanced financial market distinguished legislatively and technically, regionally and globally; rising to the latest international standards in the field of financial markets to provide an attractive investment environment.

Mission:

Provide an organized, fair, transparent, and efficient market for trading securities in Jordan, and secure a safe environment for trading securities to deepen trust in the stock market therefore to serve the national economy.

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

Mr. Nader Azar

CEO of Amman Stock Exchange

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Overview at a glance

The Amman Stock Exchange received a delegation from the Faculty of Economics and Administrative Sciences at the Hashemite University, during a field visit to the ASE and the Jordan Capital Market Institutions, where the Director of Operations Department, Mr. Mohammed Shneawer explained the mechanism of the trading in the ASE and the most important features of the electronic trading system as well.

Amman Stock Exchange (ASE) received students from the Philadelphia University/Finance and Banking Sciences in a field visit to the ASE and the Jordan Capital Market Institutions due to " Financial Markets" course, where Communication and Media Department presented a Power Point on the ASE also the recent technical, legislative developments that the Jordan Capital Market witnessed, this visit aimed at linking the theoretical side with the practical one.

On March 12, 2018 Amman Stock Exchange(ASE), hosted the fourth Annual Celebration of the Gender Equality Initiative in Jordan "2018 Ringing Bell for Gender Equality Initiative" which was organized by the ASE in cooperation with the International Finance Corporation (IFC), throughout ringing the bell for starting the trading session at the ASE coincide with the celebration of Women's International Day in the presence of H.E. Dr. Jawad Al-Anani ASE chairman of the board, the CEO of the ASE Mr. Nader Azar, Ms. Dalia Wahba, IFC Country Manager - World Bank Group, Mr. Ziad Sheikh, UN Women Representative to Jordan and a number of Business Women and the public figures interested in SSE Principles and Gender equality , and representatives of brokerage firms , Public Shareholding Companies and capital market institutions. Dr. Al- Anani in his opening remark declared that more than 58 stock exchanges rang the bell this year hosting on the occasion of International Women's Day, this celebration comes in the belief of raising awareness in gender equality in sustainable development and economic activity. This Initiative also aims at raising awareness of the importance of promoting gender equality in the private sector as well as encouraging business leaders around the world to make serious steps to empower women in the work place and society.

The ASE's Chairman of the Board, H.E. Dr. Jwad Anani received a delegation from the World Bank Group (WBG) that is specialized in the 5-year Growth Program in an official visit to the Kingdom of Jordan with the presence of the CEO of the ASE Mr. Nader Azar.

Where H.E.Dr. Anani explored the latest technical, legislative and quantitative developments that the ASE and the securities market in particular witnessed, as well as the challenges faced by the ASE besides the financial instruments available in the ASE.

The Amman Stock Exchange received a delegation from Khartoum Stock Exchange, where they exchanged the information on the trading mechanism besides the recent technical, legislative and quantitative developments that the ASE and the securities market in particular witnessed.

It is worth mentioning that these Sukuk worth JD (34) million for 5 years, with an annual return of (3.01%), noting that the volume of Islamic finance Sukuk all over the world amounted about USD 98 billion until last year.

The ASE's Chairman of the Board, H.E. Dr. Jwad Anani received a delegation from the World Bank Group (WBG) that is specialized in the 5-year Growth Program in an official visit to the Kingdom of Jordan with the presence of the CEO of the ASE Mr. Nader Azar.

Where H.E.Dr. Anani explored the latest technical, legislative and quantitative developments that the ASE and the securities market in particular witnessed, as well as the challenges faced by the ASE besides the financial instruments available in the ASE.

The Amman Stock Exchange received a delegation from Khartoum Stock Exchange, where they exchanged the information on the trading mechanism besides the recent technical, legislative and quantitative developments that the ASE and the securities market in particular witnessed.

On December Islamic Sukuk was officially listed at Amman Stock Exchange. It is worth mentioning that these Sukuk worth JD (34) million for 5 years, with an annual return of (3.01%), noting that the volume of Islamic finance Sukuk all over the world amounted about USD 98 billion until last year.