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 31/10/2018

MARKET INDICES

Points % Chg
General 1958.68 0.09
Financial 2655.01 -0.31
Services 1339.45 -0.38
Industrial 2058.39 2.07

MARKET ACTIVITY

Value Traded (JD) %
Financial 3,855,750 67.94
Services 857,177 15.10
Industrial 962,432 16.96
Total 5,675,360 100.00

TOP 5 GAINERS

Symbol Last % Chg
EMAR 0.17 6.25
JOTF 1.06 4.95
SNRA 2.41 4.78
SURA 0.44 4.76
NCMD 1.37 4.58

TOP 5 LOSERS

Symbol Last % Chg
JOIR 0.16 -5.88
AFIN 1.31 -5.75
ASAS 0.19 -5.00
EKPC 2.68 -4.96
IBFM 0.20 -4.76

MOST ACTIVE COMPANIES

Value Traded (JD) %
ARBK 1,364,478 24.04
SPIC 559,701 9.86
SURA 399,208 7.03
WOOL 378,402 6.67
UINV 320,701 5.65
Total 3,022,490 53.25

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