Amman Stock Exchange
The Federation of Euro-Asian Stock Exchanges
42
About Company
Established: 1999
Address: Amman - Arjan Area, Near Ministry of Interior
Contact person: Amjad Qudah
Email: [email protected]
Website: www.ase.com.jo
- Joined FEAS in 1995 as Founding member -
Mazen Wathaifi
Chief Executive Officer
Despite the difficult circumstances that the world financial markets faced, the ASE has recorded positive indicators during 2022, indicating that the ASE was one of the three best major Arab stock exchanges in terms of the performance of the general index during the year 2022.
ASE has implemented several projects of its strategic plan during the last year with the aim of developing the legislative and technical frameworks and enhancing the digital transformation at the ASE in accordance with the latest international standards and practices, in a way that enhances the investment climate and increases the ASE’s attractiveness to local and foreign investments, thus contributing to the development of the national economy and attracting more investors. Among the most important projects that have been implemented and the importance of the diversity of indices in the market due to the information they provide and a broader and more accurate picture of stock prices movements, ASE launched the Total Return Index (ASETR), which is a weighted index based on the market capitalization for the free float shares available for trading which measures the change in the share prices of the companies included in the index sample in addition to the cash dividends of these companies assuming that these dividends were reinvested in the shares of the companies in the index sample. This index aims to enable investors to measure the total return on their investments in the ASE, which includes not only the price change of the shares but also cash dividends. And as a first step in preparation to apply it to all listed companies, the companies included in the ASE20 Index were required to issue sustainability reports related to its three main aspects, which are environmental responsibility, social responsibility, and corporate governance, as of 2022, due to its importance in enhancing the competitiveness of the ASE and the listed companies, as the commitment to sustainability standards has become a necessity that investors and investment fund managers consider when investing in financial markets. As for enhancing disclosure and transparency in the market and the competitiveness of listed companies, the ASE issued certain rules for managing investor relations in companies, as the ASE20 Index companies were required to establish a special unit for investor relations during the year 2023. The ASE held a training course last year for representatives of the ASE20 Index companies on “Investor Relations” in order to make them aware of the importance and benefits of establishing such unit within the company.
And as a continuation of the ASE's approach to enhance disclosure
and transparency in the national capital market and to apply the best international standards, the ASE launched a corporate climate change disclosure initiative in cooperation with the International Finance Corporation (IFC), where the ASE signed an agreement with the IFC, by which the IFC will provide technical support and training to the employees of the ASE and its listed companies to enhance their knowledge and awareness with regard to issues and subjects related to the disclosure and reporting on actions undertaken by companies to address the challenge of climate change, in addition to supporting the development and launching of a climate disclosure guidance to serve as a manual for implementation by listed companies. The ASE is the first exchange in the Middle East and the fifth in the world to launch such an initiative.
ASE participated in workshops at the Royal Court, which resulted in the Economic Modernization Vision. This vision formed a road map and a comprehensive and integrated methodology that was accomplished in partnership between the public and private sectors to achieve the visions of His Majesty King Abdullah II and his directives to achieve comprehensive and sustainable growth. Several initiatives have been put forward within the Modernization Vision to enhance the competitiveness, activity, and liquidity of the national capital market, and to enhance its depth and breadth.
Year in review
The companies included in the ASE20 Index were required to issue mandatory sustainability reports
Launching the "Corporate Disclosure on Climate Change" initiative in cooperation with the International Finance Corporation (IFC), in which The ASE will be the first exchange in the Middle East to launch such an initiative, which will explain the procedures and reports needed to disclose climate change by listed companies.
Working towards excellence.
ASE achieves positive indicators during 2021 & 2022 and the highest annual gains in the past 17 years. The market capitalization reaches its highest level since 2014, and the general ASE index reached its highest level since 2009.
“Sustainability became a strategic priority for companies to reduce cost, promote innovation, and build a competitive edge”
Project of the year
Event of the year
Change of the year
Accomplishment of the year
Word of the year