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 19/06/2019

MARKET SUMMERY

Value
Trading Value (JDs mil) 6.3
Trading volume (mil) 7.3
No. of Transactions 3232
No. of Securities 107

TOP 5 GAINERS

Symbol Last % Chg
AQAR 1.03 7.29
ASAS 0.16 6.66
IBFM 0.18 5.88
DERA 0.84 5
ELZA 0.21 5

TOP 5 LOSERS

Symbol Last % Chg
SECO 0.15 -6.25
CEBC 1.14 -5
WIRE 0.21 -4.54
JOCM 0.43 -4.44
IPCH 0.66 -4.34

MOST ACTIVE COMPANIES

Value Traded (JD) %
FUND 1,137,218.310 18.06%
UINV 413,935.500 6.58%
RUMM 368,230.120 5.85%
IDMC 358,860.790 5.70%
MDGF 288,054.500 4.58%

Annual Reports

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Flash Note - Madfooatcom Increases E-Payments Processed Through Its Platform