Yearbook 2019
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: Prof. Kamal Ahmad Al-Qudah
CEO:Mr. Mazen Wathaifi
Address: Amman - Arjan Area,
Near Ministry of Interior
Contact person: Mr. Amjad Qudah
Email: [email protected]
Website:https://www.ase.com.jo
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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.
Mr. Mazen Wathaifi
Chief Executive Officer
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 vendors, and any other party that deemed to be necessary. Furthermore, the ASE Company cooperates and exchange 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.
About company