Jordan Petroleum Refinery to Raise Capital to JOD100 Million

تم نشره في Mon 4 April / Apr 2016. 12:00 AM
  • Jo Petrol Refinery

AMMAN — The Jordan Petroleum Refinery Company board of directors referred their recommendations to increase Company capital by 33.3 per cent, currently at JOD75 million, to the consideration of the extraordinary conference of the JOPetrol general committee, in session April 28th.

According to the statement published by the Company today, Monday, on the Amman Exchange website, the recommendations —pending approval of the general committee, will increase capital to JOD100 million.

Notably, JOPetrol has over the past number of years recurrently increased their capital from JOD32 million, in order to fund the Company’s expansion and meet market demands.