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AMMAN — A delegation led by Head of Primary Markets for the Middle East and Africa at LSEG (London Stock Exchange Group), Abi Ajayi, discussed on Saturday ways to strengthen cooperation and exchange expertise between the London Stock Exchange (LSE) and the Amman Stock Exchange (ASE).
They also explored ways to promote investment opportunities at the ASE and encourage investors in the United Kingdom to take advantage of them, including necessary arrangements to hold Jordan Day in cooperation with London Stock Exchange.
During the meeting, the ASE CEO Mazen Wathaifi reviewed the exchange's key performance indicators. He noted that, despite the challenges, the ASE achieved outstanding results and record-breaking figures, according to an ASE statement.
These achievements were supported by growing confidence in the national economy and the attractiveness of Jordan’s investment environment, as well as positive economic indicators that reflected the national economy ability to adapt to changing conditions, and its capacity to overcome challenges.
Wathaifi added that the continuous improvements to the investment environment, supported by government incentives for economic sectors, the implementation of projects under the Economic Modernisation Vision (EMV), and the launch of several major strategic projects, have had a direct positive impact on the performance of the ASE and its listed companies.
As a result, the ASE ranked first in the region and thirteenth globally in terms of growth in its General Index ASEGI. In addition, the companies listed on the ASE achieved the second-highest profits in their history, indicating that there are significant and important investment opportunities at the ASE.
He also highlighted the ASE’s ongoing efforts to develop its regulatory framework and digital services, as well as to implement the latest standards and best practices in order to enhance its competitiveness and attractiveness to investors.
He noted that Jordan’s capital market enjoys an adequate legislative and technical infrastructure that aligns with the latest international standards and best practices, particularly in the areas of trading, regulations, financial services, disclosure requirements, clearing and settlement systems and investor protection.
Ajayi said, "Jordan’s economy demonstrates strong fundamentals, anchored by a dynamic private sector, deep entrepreneurial talent, and a clear commitment to reform."
He added, "At the London Stock Exchange, we see a real opportunity to partner with the Amman Stock Exchange to support Jordan in scaling its most promising companies by connecting them to deeper pools of international capital and enhancing global investor visibility," according to ASE statement.
