JLGC held its 21 Ordinary General Assembly Meeting

JLGC held its 21 Ordinary General Assembly Meeting

Jordan Loan Guarantee Corporation held its 21st Annual Ordinary General Assembly Meeting on Monday 23rd March, 2015 at the Central Bank of Jordan.

H.E.Dr. Maher Al Shiekh Hassan, JLGC Chairman headed the meeting in the presence of companies Control Department's delegate and Arab Professionals (the external auditors) delegate. The chairman indicated that the total revenues of the company increased by 4.9% during 2014 in comparison with 2013. The total revenues reached JD 1.755 million during 2014, compared with JD 1.673 million in 2013.

Accordingly, the company achieved a net profit of JD 420,336 thousand in 2014 (JD 455 thousand before tax).

The increase came from the operational revenues that increased from JD 843 thousand in 2013 to JD 874 thousand in 2014, and the growth of investment revenues from JD 829 thousand in 2013 to JD 879 thousand in 2014.  

It is worth mentioning that the corporation provided guarantees for 824 productive loans for SMEs with a nominal value of JD 32 million during 2014 and also guaranteed 1219 export shipments and domestic sales within the export credit guarantee program worth JD 52 million. These Shipments are distributed to 794 export shipments valued at JD 47 million, and 425 domestic sales amounted of JD 5 million.

The assembly approved the financial statements for the year 2014, and the 21st annual report. It also approved the dividends of 4% from the total capital valued JD 10 million.