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Jerash garments company listed on Nasdaq

By JT - May 05,2018 - Last updated at May 05,2018

AMMAN — The Jerash Garments and Fashions Manufacturing Company, a Chinese investment in Jordan, has been listed on the Nasdaq Stock Market.

NASDAQ announced the start of the company’s stocks trading on Friday, alongside another 3,200 market-listed companies, the Jordan News Agency, Petra, reported. 

The Nasdaq Stock Market, an American stock exchange, is the second-largest exchange in the world by market capitalisation, behind only the New York Stock Exchange located in the same city.

On Wednesday, His Majesty King Abdullah visited the manufacturing facilities of the company, which is mainly engaged in the manufacturing and exporting of ready-made sport and outerwear from knitted fabric, and it is an approved manufacturer by many well-known retailers in Europe and the US. 

During the Monarch’s visit to the company, the company’s Chairperson Choi Lin Hung and other executives briefed the King on the production process at the factory, including plans to open a new garment project in Al Hasa, around 130km south of Amman, employing and training 500 women in the area.

Minister of State for Investment Affairs Muhannad Shehadeh earlier announced the company’s listing on Nasdaq soon after it had completed the technical requirements. 

Highlighting the Kingdom’s favourable investment environment, he said this Chinese investment in Jordan has created a business model to draw more foreign investments to the Kingdom.

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