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 19/06/2018

MARKET INDICES

Points % Chg
General 2097.42 -0.13
Financial 2848.87 -0.08
Services 1405.38 -0.37
Industrial 2187.04 -0.04

MARKET ACTIVITY

Value Traded (JD) %
Financial 2,259,075 65.86
Services 443,471 12.93
Industrial 727,488 21.21
Total 3,430,035 100.00

TOP 5 GAINERS

Symbol Last % Chg
JOIR 0.13 8.33
JOIN 2.49 4.62
AALU 1.96 4.25
ATTA 0.80 3.89
AIUI 1.25 3.30

TOP 5 LOSERS

Symbol Last % Chg
SECO 0.12 -7.69
EMAR 0.15 -6.25
ASAS 0.20 -4.76
MANR 1.40 -2.77
JPHM 0.37 -2.63

MOST ACTIVE COMPANIES

Value Traded (JD) %
WOOL 801,099 23.36
SPIC 402,104 11.72
ARBK 363,107 10.59
THMA 353,395 10.30
UTOB 281,102 8.20
Total 2,200,806 64.17

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