Taameer cuts capital to JOD 86.4m

Amman-Mubasher: Taameer Jordan Holdings Public Shareholding Co shareholders approve to offset the accumulated losses, according to a filing to Amman Stock Exchange.

At their ordinary general meeting, the company’s shareholders agreed to reduce the capital from JOD 125.14 million to JOD 86.4 million, but they did not approve the capital structure.

The Amman-listed firm reported a slight drop in losses by 3.95% to JOD 5.47 million in 2014, compared to JOD 5.69 million in 2013.

Mubasher Contribution Time: 19-Apr-2015 10:22 (GMT)