94 95
Securities Depository Center of Jordan
About Company
Established: 10 May 1997
Address: Capital Market Building, Al - Mansour Bin Abi Amer Street, Al - Madina Al-Riyadiya District, Al-Abdali Area
Working Hours: 8:00 - 16:00
Contact Person: Suha Al-Khalil
Email: info@sdc.com
Website: www.sdc.com.jo
- Joined FEAS in 2005-
Sarah Adel Tarawneh
Chief Executive Officer
Year in review
The year 2023 was a successful year for the SDC as most of the plans and projects adopted within the strategic plan were concluded successfully, mainly:
1. Launching a new website for the SDC.
2. Launching the updated version of the e-Portfolio service, where it has been simplified for Jordanian investors (individual). They can subscribe to the service electronically and directly through the SDC’s website without the need to present to the SDC. Therefore, anyone will be able to subscribe automatically and obtain his/her own user name and password. All current subscribers will also be able to retrieve their password electronically. This service is also available on smart phones through a mobile application
3. Launching the second phase of the SMS project which shall include sending text messages of all types of transactions executed on the investors’ accounts such as securities transfers between accounts, corporate actions and ownership restrictions.
4. The opening of the new investor services hall at the Capital Market building, aimed at improving the services provided to the investors, and enhancing the public service experience.
5. The adoption of a new organizational structure for the SDC that included the creation of a dedicated risk management unit, and a separate investor related services department.
6. Adopt a due diligence package that is published on a dedicated page on the website that provides fundamental information and reports on the level of compliance with international standards and best practices.
7. The completion of the CPMI - IOSCO Principles for Financial Market Infrastructures Self-assessment for the SDC.
Challenges related to time-frames and priorities, in addition to some limitations in the HR were faced, however, all challenges were handled through team work and dedication. The SDC is proud to have succeeded in the achievement of its major goals to enhance the confidence of investors in securities and enable them to follow-up their investments in securities easily and conveniently and to reduce risks related to settlement of trading transactions executed through the Market. All reflected through the accomplishments of the projects adopted for the targeted year.
Project of the year:
Event of the year: Under the patronage of His Royal Highness Prince Hussein bin Abdullah II, the Crown Prince, the SDC participated in the First Jordan Cybersecurity Summit. This participation comes as part of the SDC’s commitment to enhancing cybersecurity and promoting dialogue about the importance of this vital aspect in the modern digital world.
Change of the year: The new organizational structure of the SDC and the creation of the risk management unit.
Accomplishment of the year: The creation of a special area on the website dedicated to all investors in general and foreign investors in particular which will specifically include the relevant “International Standards” and all related documents that would reflect the SDC’s compliance to such standards and requirements within a special “Due Diligence Package”.
Word of the year:
Person of the year: SDC employees
Member of the year: Arab Bank
Yearbook 2023