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 26/04/2018

MARKET INDICES

Points % Chg
General 2195.21 0.14
Financial 2992.50 0.43
Services 1505.84 -0.33
Industrial 2166.88 -0.38

MARKET ACTIVITY

Value Traded (JD) %
Financial 4,722,649 73.68
Services 944,428 14.73
Industrial 742,857 11.59
Total 6,409,935 100.00

TOP 5 GAINERS

Symbol Last % Chg
ARBK 7.06 4.59
INOH 0.47 4.44
BIND 0.80 3.89
JOST 0.56 3.70
ENTK 0.61 3.38

TOP 5 LOSERS

Symbol Last % Chg
SECO 0.12 -7.69
FRST 0.41 -4.65
ASAS 0.22 -4.34
SANA 0.70 -4.10
OFTC 0.49 -3.92

MOST ACTIVE COMPANIES

Value Traded (JD) %
ARBK 2,971,091 46.35
JOPT 570,357 8.90
ULDC 446,722 6.97
SPIC 239,230 3.73
JOPH 201,891 3.15
Total 4,429,290 69.1

Annual Reports

Flash Note-Al Mawared Successfully Closes Capital Raise for Madfooatcom
Flash Note - Jordan Corporate Bonds