Al Mawared Successfully Closes Capital Raise for Madfooatcom

Wednesday, March 28, 2018

 

Al Mawared, a Jordanian investment banking firm active in Brokerage, Corporate Finance, and Asset Management announced the successful closing of a capital raise for its client, MadfooatCom, to the amount of USD 2.3 million

Madfooatcom is the leading Electronic Bill Presentment and Payment (EBPP) provider in Jordan and operator of the nationwide integrated EBPP platform – eFawateercom

As financial advisor and placement agent for Madfooatcom, Al Mawared secured a private equity investment for MadfooatCom from Arab Palestinian Investment Company (APIC), an investment holding company with investments in manufacturing, trade, distribution, and service sectors throughout the MENA region

The capital increase will be used to support MadfooatCom's regional expansion.

ASE Summary as of 15/08/2018

MARKET INDICES

Points % Chg
General 1991.36 0.39
Financial 2745.24 -0.26
Services 1340.91 0.32
Industrial 1996.82 2.59

MARKET ACTIVITY

Value Traded (JD) %
Financial 4,383,918 34.99
Services 308,598 2.46
Industrial 7,835,704 62.54
Total 12,528,220 100.00

TOP 5 GAINERS

Symbol Last % Chg
EICO 14.10 7.14
SANA 0.63 5.00
SPIC 1.06 4.95
UNAI 0.29 3.57
AQAR 0.98 3.15

TOP 5 LOSERS

Symbol Last % Chg
SECO 0.14 -6.66
IBFM 0.19 -5.00
VFED 0.77 -4.93
RUMI 1.58 -4.81
JOPH 2.99 -4.77

MOST ACTIVE COMPANIES

Value Traded (JD) %
EICO 7,066,134 56.40
ARBK 2,652,087 21.17
SPIC 647,717 5.17
JOPH 382,740 3.06
ARGR 267,292 2.13
Total 11,015,970 87.93

Annual Reports

Flash Note - Jobedu Signs Licensing Agreement with Walt Disney Company for the Middle East
Flash Note - Madfooatcom Increases E-Payments Processed Through Its Platform