Richard Melson

April 2006

JIF Bank

Research Department
Jordan Investment & Finance Bank
Tel: (+962 6) 5665145 Ext 471
Fax: (+962 6) 5622405

JIF Bank

Jordan Investment and Finance Bank was established as a financial institution in 1982 and was licensed in 1989 as a public shareholding investment bank with a paid-up capital of JD4.5 million (US$6.3 million), which was increased several times to reach JD33 million (US$46.5 million) with a par value of JD1 (US$1.41) per share. The Bank is listed on Amman Stock Exchange (ASE) under the symbol JIFB.AM.

JIF Bank’s headquarter is located in Shmesani-Amman, with around 160 employees. The Bank offers wide range of business, personal and investment banking services through a network of eight branches and three automated teller machines (ATMs).

JIF Bank has an extensive experience and knowledge in the Jordanian Capital Market. The Bank has a wide base of institutional investors both locally and internationally, as it was the first bank to deal with international institutional investors in the Jordanian Capital Market. For the past several years, JIF Bank ranked among the top five brokers in the Amman Stock Exchange (ASE). In the year 2000, JIF Bank managed the execution of the acquisition of the Jordan Dead Sea Industries Company by Arab Potash Company. Also, the Bank has executed the merger of National Equipment and Technical Services (NETS), First Telecommunications Group (FTG) and Bahrain Telecom that resulted in Batelco Jordan.

The Bank is specialized in Investment Banking, Corporate Finance and works directly with the Execution Privatization Commission (EPC) of the Government, providing many financial consultancies including the privatization of Jordan Silos and Supply General Company. Currently, the Bank is working on the restructuring and privatization of the Vehicle Inspection Stations (VIS) that is currently operated by the Drivers and Vehicles Licensing Department (DVLD).

JIF Bank is regulated by the Central Bank of Jordan (CBJ) in addition being licensed by the Jordan Securities and Commissions (JSC) as a broker/dealer at Amman Stock Exchange (ASE).

Board of Directors:

JIF Bank's board of directors brings together a distinctive mix of knowledgeable and experienced members. This mix includes prominent businessmen and investors, ex-cabinet members including an ex-finance minister, and advisors for several oil-exporting Gulf states.

Mr. Nizar A. Jardaneh

Mr. Shafik Jumean

H.E. Mr. Basil Jardaneh

Mr. Ahmad Tantash

Mr. Mohammad Al – Tal

Mr. Nabil Hani Qaddomi

Dr. Osamah Al Talhouni

Mr. Zaher Jardaneh
Representative of
Abdul Raheem Jardaneh & Sons Co.

Mr. Ziad Abu Jaber
Representative of
Ra'ouf Abu Jaber & Sons Co.

Mr. Ayman Jumean
Representative of
Madaba for Financial Investments Co.

Mr. Walid Fainan
Representative of
Al-Nahda for Financial Investments

Deloitte Touche Tohmatsu

Management Team:

General Manager
H. E. Mr. Basil Jardaneh

Deputy General Manager
Mr. Jamal Fariz

Assistant General Manager/ Foreign Trade
Ms. Souha Karadsheh

Executive Manager/ Internal Audit Department
Mr. Bassam Hamad

Executive Manager/ Credit Department
Mr. Khader AL-Kooz

Executive Manager/ IT Department
Mr. Maher Kilani

Executive Manager/ Branches
Mr. Rajeh Al-Halaiqa

Manager/ Local Investment & Brokerage Department
Mr. Wajdi Makhamreh

Manager of HR & Administrative Affairs Department
Mr. Ismail Al-Sayyed

Manager/ Organization and Banking Systems Department

Manager/ Financial Control and Risk Management Department
Ayman Abu-Dhaim

Manager/ Personal Loans Department
Mr. Sadeq Deeb

Manager/ Treasury and International Portfolio
Mr. Hadi Abu Souod

Manager/ Cash Currency Department
Mr. Naser Farij

Manager/ Accounting Department
Ms. Violet Wahab

Assistant Manager/ Car Loans Department
Mr. Ishaq Al-Najjar

Working Hours:

Morning : 8:00 - 16:00 (Sunday - Thursday)
Jordan Summer Time +3 GMT
Jordan Winter Time +2 GMT


Head Office
Issam Ajlouni Street, opposite to Amman Chamber of Commerce, Shmaisani - Amman

Tel: 5665145 - 5692470

P.O. Box: 950601 Amman 11195

Telex: 23181/2 - 24161 JIFBANK JO

Fax: 5681410

Reuters JIFB

Director/General Manager : HE Basil Jardaneh

Deputy General Manager: Mr. Jamal Fariz

Assistant General Manager: Ms. Suha Karadshah

Executive Manager/Internal Auditing : Mr. Bassam Hamad

Executive Manager Credit Dept. : Mr. Khader Kooz

Executive Manager/Domestic Investment : Mr. Rajai Kossous

IT Manager : Mr. Maher Kilani

City Branch / Amman

King Hussein Street
Tel: 00962-6-4618462/1
P.O. Box 20844 - Amman 11118
Fax: 00962-6-4618459

Industrial City Branch / Sahab

Industrial City, Sahab
Tel: 00962-6-4023841 - 4023842
P.O. Box 201 - Amman 11512
Fax: 00962-6-4023618

Wihdat Branch

Middle East Circle
Tel: 00962-6-4777461 - 00962-6-4777460
P.O. Box 620830 - Amman 11163
Fax: 00962-6-4777462

Brokerage Office

Housing Bank Complex, 5th floor
Tel: 00962-6-5673763 – 5682634

Bonded Branch / Sahab

Industrial City / Sahab/Street # I
Tel: 00962-6-4029558

Irbid Branch

Shaheed Wsfey Al Tal St.
Tel 00962-2-7256241/0
P.O.Box 3345 - Irbid
Fax: 00962-2-7256244

Aqaba Special Economic Zone Branch

Tel 00962-3-2034242
P.O.Box 101 - Aqaba
Fax: 00962-3-2034107

Contact Us:

Amman - Shmeisani
Tel: 00962-6-5692470 - 5665145
Telex: 23182 - 23181
Fax: 00962-6-5681410
P.O.Box 950601 Amman 11195 - Jordan

Sister and Affiliated Companies:

Jerusalem Bank for Investment and Development
Gaza - Omar Mukhtar St. - opposite to Municipality Park
Tel: 07-869276
Fax: 07-863492
PO Box 233 Gaza - Palestine

The ASE Index is starting to rebound after witnessing a corrective pressure
earlier, ending the week at 7128.7 pts up  by 0.83%. Approximately 69.06
million shares worth around JD213.60 million exchanged hands through 59,179

ASE week 14 Yr 06.pdf  ASE week 14 Yr 06 - Arabic.pdf   Market
Monitor-wk 14.pdf

You can also find our publications on our website…

Best Regards,

Research Department
Jordan Investment & Finance Bank
Tel: (+962 6) 5665145 Ext 471
Fax: (+962 6) 5622405

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ASE Weekly Roundup & Market Monitor (Apr 02- 06, 2006)


ASEweek14Yr06.pdf (0.09 MB),

ASEweek14Yr06-Arabic.pdf (0.20 MB)

MarketMonitor-wk14.pdf (0.19 MB)

JIF Bank Research

JIF Bank

Jordan Investment & Finance Bank

Sunday, April 9, 2006