Jordan Trade Facilities announced the early payment of JD 2 million with a percentage equal to 40% from the bond issued in 7/1/2008 with a value of JD 5 million noting that the due date for the bond is 7/1/2013.
Jordan Trade Facilities issued this bond according to the stock exchange law No. 76 for the year2002 in 7/1/2008 and for 5 years period ending in 7/1/2013 the main purpose for this bond was to finance the working capital of the company and that affected the company’s performance positively causing it to be able to expand its products lines and provide new services for its clients.
Mr. Hisham Jaber the General Manager Said: “despite the challenges and the difficulties that faced the Jordanian economy during the past years, Jordan Trade Facilities Company was able to execute its strategic plans to expand in new geographical areas and provide new products for its clients, and that affected positively on the company’s financial situation and increased the cash liquidity which allowed us to be able to conduct an early payment equal to 40% of the bond value”.
And in his comment in regard to the company future plans, Mr. Jaber said that the company is seeking to continue with its efforts to expand in new municipalities inside the kingdom, and to provide new products that well serve new market segments in the Jordanian community.