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French Version

Jordinvest announces outstanding mid-year financial results

Jordan Investment Trust PLC (Jordinvest) achieved record results in the first half of 2005. The outstanding results were attained on account of Jordinvest’s astute policy in the recent months through developing its zealous and massive financial position in the local and regional markets.

The company has also conducted far-sighted strategies that will lead Jordinvest towards further development in both its professional services and qualified industry experts. Jordinvest’s strategies have enhanced the company’s financial and administrative aspects through the proficient management of its assets, which was proved in the company’s latest financial results, achieved on June 30, 2005.

Referring to Jordinvest’s financial statement, Chairman of the Board, Dr Mohammad Saïd Nabulsi and Vice-Chairman and CEO Mr Ahmad Tantash announced that the company’s profits (before tax) were worth JD5 million, an increase of 251 percent over the same period last year. Nabulsi added that Jordinvest’s total assets increased by 17.6 percent to reach JD30.7 million, compared to the JD26.1 million gained at the end of 2004. Furthermore, the company’s shareholders’ equity also rose by 26.4 percent to reach JD25.6 million, compared to the JD20.28 million achieved at the end of 2004. Commenting on the achieved mid-year financial results, Tantash stated, “Jordinvest is conducting well-planned strategies for the future, which stem from its objective to diversify its products, provide the best quality services and to increase its market share geographically—in addition to enhancing the distinguished business relations that link the company with all concerned parties, notably our special clients.”

Tantash added, “We are releasing our mid-year financial results to inform our clients, potential investors and partners that Jordinvest has performed remarkably in the last period and will maintain its pace in the future. To continue and excel, our company embraces a qualified workforce, dedicated to fulfilling their tasks efficiently.” Jordinvest announces outstanding mid-year financial results

Amman,30July2005
Redaction
The Star


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