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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.00 0.92 0.79
Value Traded (JD) 30,806,797 26,505,229 16,087,718
No. of Shares Traded 30,690,946 27,906,178 18,391,371
No. of Transactions 4,849 8,333 6,608
No. of Subscribed Shares 200,000,000 200,000,000 200,000,000
Market Capitalization (JD) 200,000,000 184,000,000 158,000,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash and Balances at Central Banks 205,186,455 237,778,658 282,738,524
Balances at Banks and Financial Institutions 98,268,335 81,646,989 194,421,910
Deposite at Banks and Financial Institutions 403,875 0 0
Financial Assets at Fair Value Through Profit 3,054,812 3,729,007 3,261,060
Financial Assets at Fair Value Through Other Comprehensive Income 61,550,820 49,818,663 9,135,100
Financial Assets at Amortized Cost 482,827,092 540,993,467 467,884,699
Investments in Affiliates 0 0 0
Direct Credit Facilities,Net 983,024,041 890,959,403 920,962,363
Provision for Credit Facilities 45,854,073 72,822,969 61,606,026
Interests in Suspense 17,935,469 16,749,916 14,725,092
Deferred Income Tax Assets 14,845,952 14,791,131 10,286,431
Fixed Assets,Net 33,151,390 32,105,667 30,268,752
Other Assets 304,061,227 112,935,039 81,414,665
Total Assets 2,186,373,999 1,964,758,024 2,000,373,504

Liabilities (JD)

2019 2018 2017
Customers Deposits 1,306,022,582 1,247,883,147 1,217,020,225
Banks & Financial Institutions Deposits 113,793,443 44,638,873 107,872,683
Cash Margins 169,009,566 143,540,333 144,662,384
Loans and Borrowing 165,319,524 124,552,032 118,914,171
Deferred Income Tax liabilities 2,616,165 1,212,993 679,685
Other Liabilities 82,133,673 66,098,319 61,829,893
Total Liabilities 1,838,894,953 1,627,925,697 1,650,979,041

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 200,000,000 200,000,000 200,000,000
Subscribed Capital 200,000,000 200,000,000 200,000,000
Paid in Capital 200,000,000 200,000,000 200,000,000
Legal Reserve 41,201,491 38,588,144 34,689,204
Voluntary Reserve 0 0 0
Other Reserves 0 0 8,840,593
Issuance Premium 709,472 709,472 709,472
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 20,000,000 20,000,000
Stock Dividends 0 0 0
Foreign Currencies Translation -5,223,143 -5,223,143 -4,082,668
Accumulated Change in Fair Value 1,636,797 20,961 416,990
Retained Earnings 55,404,849 32,694,717 30,994,187
Total Shareholders Equity 293,729,466 286,790,151 291,567,778
Non-controlling Interest 53,749,580 50,042,176 57,826,685
Total Liabilities & Shareholders Equity 2,186,373,999 1,964,758,024 2,000,373,504

Income Statement (JD)

2019 2018 2017
Interest Income 114,725,887 104,795,285 95,379,292
Interest Expense 59,831,061 52,567,426 44,636,315
Net Interest Income 54,894,826 52,227,859 50,742,977
Net Commissions Income 25,045,979 22,352,247 31,616,575
Interests & Commissions, Net 79,940,805 74,580,106 82,359,552
Gains from Financial Assets and Instruments 1,143,995 120,520 691,896
Gains from Foreign Currencies 2,541,112 654,959 3,293,234
Other Revenues 10,035,130 4,980,680 6,299,605
Total Income 93,661,042 80,336,265 92,644,287
Employees Expenses 23,492,944 23,018,122 23,422,412
Depreciation & Amortization 6,056,762 4,993,075 4,590,769
Other Expenses 18,487,166 16,532,361 17,166,695
Provision for Direct Credit and Facilities (period) 7,009,726 784,461 24,124,636
Sundry Provisions 1,352,587 -2,609,061 -8,635,567
Bad Debts Written Off 0 0 0
Total Expenses 56,399,185 42,718,958 60,668,945
Net Income Before Tax 37,261,857 37,617,307 31,975,342
Income Tax (period) 8,312,080 7,050,717 4,070,847
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 133,000 218,314 592,849
Net Income 28,816,777 30,348,276 27,311,646
Non-controlling Interest 3,715,941 -449,899 2,954,762
Net Income Pertains to Shareholders 25,100,836 30,798,175 24,356,884

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 231,548,826 270,305,137 166,607,551
Net Cash Flow from (Used in) Operating Activities -83,555,007 108,442,178 98,876,794
Net Cash Flow from (Used in) Investing Activities -14,814,346 -126,199,544 -22,185,182
Net Cash Flow from (Used in) Financing Activities 31,762,584 -18,537,990 26,826,310
Differences in Exchange -213,141 -2,460,955 179,665
Cash Balance (Ending) 164,728,916 231,548,826 270,305,138

Financial Ratios

2019 2018 2017
Turnover Ratio % 15.350 13.950 9.200
Earning Per Share (JD) 0.130 0.150 0.120
Dividend Per Share (JD) 0.000 0.100 0.100
Book Value Per Share (JD) 1.470 1.430 1.460
Price Earnings Ratio (Times) 7.970 5.970 6.490
Dividend Yield % 0.000 10.870 12.660
Dividend Per Share to Earning Per Share % 0.000 64.940 82.110
Price to Book Value (Times) 0.680 0.640 0.540
Return On Assets % 1.320 1.540 1.370
Return On Equity % 8.550 10.740 8.350
Net Interest and Commissions Income/Total Income % 85.350 92.830 88.900
Credit Interest/Credit Facilities, Net % 11.670 11.760 10.360
Net Income / Total Income % 30.770 37.780 29.480
Total Income / Total Assets % 4.280 4.090 4.630
(Provision for Credit Facilities+Interest in Suspense)/Credit Facilities % 6.490 10.050 8.290
Equity Ratio % 15.890 17.140 17.470
Shareholders Equity /Total Deposits % 20.690 22.190 22.010
Debt Ratio % 84.110 82.860 82.530
Total Deposits/Total Assets % 64.940 65.790 66.230
Net Credit Facilities to Total Assets % 44.960 45.350 46.040
Net Credit Facilities to Total Deposits % 69.240 68.930 69.510
Shareholders Equity to Credit Facilities,Net % 29.880 32.190 31.660
Quick Ratio (Times) 0.220 0.250 0.360
Cash & Investments to Total Deposits % 59.960 70.710 72.270
Cash + Trading Investments / Total Deposits (Times) 0.220 0.250 0.360