The Jordan Loan Guarantee Corporation (JLGC) held its 32nd Ordinary General Assembly meeting for shareholders on Tuesday, March 24, 2026, via video conference. The meeting was chaired by the Vice Chairman of the Board of Directors, Dr. Kamal Al-Bakri, and attended by the representative of the Companies Controller, Mr. Fares Shaheen, the representatives of Ernst & Young, the company’s external auditors, in addition to members of the Board of Directors and the company’s General Manager.
During the meeting, the General Assembly approved the minutes of the 31st Ordinary General Assembly meeting held on April 7, 2025. The Assembly also ratified the Board of Directors’ 32nd report on the company’s activities for 2025 and its future work plan, in addition to approving the external auditors’ report for the financial year ending December 31, 2025.
The General Assembly further approved the company’s balance sheet and the statement of profit and loss for the financial year ending December 31, 2025, including the Board of Directors’ recommendation not to distribute dividends to shareholders for the year 2025 in order to continue strengthening the company’s capital base.
The Assembly also discharged the Board of Directors from liability for the financial year ending December 31, 2025 in accordance with the provisions of the law. In addition, a new Board of Directors consisting of 11 members was elected, and Ernst & Young were appointed as the company’s external auditors for the financial year 2026.
Dr. Kamal Al-Bakri, Vice Chairman of the Board, affirmed that during 2025 the company succeeded in consolidating a successful model of partnership between the public and private sectors. He noted that the company achieved notable growth in the volume of its operations and its developmental role in facilitating access to finance for small and medium enterprises, in addition to supporting Jordanian exporters through the Export Credit Guarantee Program. He added that despite economic challenges and geopolitical developments during 2025, the company continued to achieve positive operational results as a leading national institution providing loan guarantee services in the Kingdom.
For his part, the company’s General Manager, Mr. Adnan Naji, reviewed the operational and financial performance for 2025. He indicated that the company provided guarantees to around 1,848 small and medium enterprises with a total value of approximately JOD 233 million. This included 241 start-up projects with guarantees amounting to JOD 27.2 million, in addition to 709 micro enterprises benefiting from the Micro Enterprise Support Program with guarantees totaling approximately JOD 4.8 million.
The company also continued implementing the Export and Domestic Sales Credit Guarantee Program, granting guarantees for more than 4,622 export shipments and domestic sales during 2025, with a guaranteed value exceeding JOD 230.4 million, directed to more than 421 buyers across 47 countries.
On the financial front, the company’s revenues increased in 2025 to JOD 50.7 million compared to JOD 49.1 million in 2024, while profit before tax reached JOD 2.5 million. Total shareholders’ equity rose to JOD 45.5 million, and the company’s total assets reached JOD 806 million by the end of 2025, reflecting the strength of its financial position.
At the conclusion of the meeting, Dr. Al-Bakri expressed his appreciation to the Central Bank of Jordan and the members of the Board of Directors for their continued support to the company, which contributes to strengthening its role in supporting the national economy in line with the Economic Modernization Vision and sustainable development in the Kingdom.
