April 2006
JIF Bank
Research Department
Jordan Investment & Finance Bank
Tel: (+962 6) 5665145 Ext 471
Fax: (+962 6) 5622405
www.jifbank.com
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.
CHAIRMAN
Mr. Nizar A. Jardaneh
VICE CHAIRMAN
Mr. Shafik Jumean
MEMBERS
H.E. Mr. Basil Jardaneh
Mr. Ahmad Tantash
Mr. Mohammad Al – Tal
Mr. Nabil Hani Qaddomi
Mr. Ziad Abu Jaber
Mr. Ayman Jumean
Mr. Walid Fainan
Auditors
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
Issam
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
Branches:
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
contracts.
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
www.jifbank.com
The contents of this e-mail and any attachments are confidential. They may
contain privileged information and are intended for the named addressee
(s)only. If you are not the addressee, you may not copy, forward, disclose,
retain this email or any part of it or its attachments in any way
whatsoever. If you have received this e-mail in error please e-mail the
sender by replying to this message.
Jordan Investment & Finance Bank and the
sender make no representation and accept no responsibility or liability as
to completeness, accuracy or content of this e-mail.
ASE Weekly Roundup & Market Monitor (Apr 02- 06, 2006)
Attachment:ASEweek14Yr06.pdf (0.09 MB),
ASEweek14Yr06-Arabic.pdf (0.20 MB)
MarketMonitor-wk14.pdf (0.19 MB)
JIF Bank Research research@jifbank.com
JIF Bank
Jordan Investment & Finance Bank
Sunday, April 9, 2006