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 18/10/2018

MARKET INDICES

Points % Chg
General 1961.38 0.20
Financial 2684.56 0.20
Services 1348.38 -0.11
Industrial 1977.38 0.63

MARKET ACTIVITY

Value Traded (JD) %
Financial 1,869,831 50.45
Services 537,280 14.50
Industrial 1,298,938 35.05
Total 3,706,050 100.00

TOP 5 GAINERS

Symbol Last % Chg
REAL 1.33 7.25
CARD 0.16 6.66
SECO 0.16 6.66
IBFM 0.20 5.26
SPIC 1.27 4.95

TOP 5 LOSERS

Symbol Last % Chg
JOIR 0.14 -6.66
JOMA 0.14 -6.66
WOOL 2.97 -4.80
UNAI 0.42 -4.54
SITT 0.43 -4.44

MOST ACTIVE COMPANIES

Value Traded (JD) %
JOPI 499,201 13.47
SPIC 439,581 11.86
ULDC 191,309 5.16
EICO 179,816 4.85
CEIG 176,549 4.76
Total 1,486,456 40.1

Annual Reports

Flash Note - Jobedu Signs Licensing Agreement with Walt Disney Company for the Middle East
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