Yearbook 2020
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ASE Achievements in 2020
The ASE continued the implementation of its strategic plan for the years (2018-2020) which is in line with the programs, projects and activities approved by the Government of the Hashemite Kingdom of Jordan in the ten-year document of Jordan (2015-2025) and the national capital market development roadmap in cooperation with the European Bank for Reconstruction and Development (EBRD), as the plan included a number of strategic objectives, initiatives and projects that are in line with the objectives of the Stock Exchange, in order to maintain the achievements that have been accomplished and develop the work in all aspects and fulfil ASE’s mission.
Launch of the Electronic Disclosure System in the Language of (XBRL)
The ASE in cooperation with the JSC Launched the Electronic Disclosure System in the Language of (XBRL), Features and outputs of this system technically and functionally were examined regarding the required financial and non-financial disclosures over almost two months. It is noteworthy to mention that this project will lead to the development of the level of disclosure and transparency in the market, and will provide an opportunity for investors to obtain financial and non-financial disclosures in both Arabic and English at the same time. It will also develop the process of providing the capital market institutions with needed information and disclosures besides the regulatory, administrative and organizational data they need.
Upgrading the Electronic Trading System
The ASE is currently working on upgrading its Electronic Trading System (ETS) into the new version (Optiq), which is currently used by Euronext. The new upgraded version support international features that aim to develop the trading operations and update the technical infrastructure and increase the capacity of the ETS, in addition, to support new financial instruments. The new version is expected to be launched in the first quarter of year 2021.
Future Outlook
The Amman Stock Exchange has prepared a strategic plan for the years (2021-2023), which included a set of objectives that would contribute to enhance the economic benefit provided by the ASE, enable it to provide better services, and develop the work in ASE. As the ASE has an important and essential role in developing and strengthening the national economy through mobilizing national savings and attracting non-Jordanian investments to the market.
The strategic objectives of the Amman Stock Exchange for the years (2021-2023) have been identified in line with the ten-year Jordan document (2015-2025) and based on the previous strategic plan for the years (2018-2020), and the recommendations and projects contained in the roadmap strategy, in addition to analysing the internal and external environment that identified Strengths, weaknesses, opportunities and challenges. The strategic plan includes the following three objectives:
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In order to achieve the three aforementioned goals, the plan includes eight initiatives that included the implementation of twenty-seven projects during the years (2021-2023).