SDC restructuring will not affect shareholders’ rights — JSC

AMMAN — The restructuring of the Securities Depository Centre (SDC) will not affect the rights of shareholders of listed firms in Amman Stock Exchange, according to the Jordan Securities Commission (JSC).

The government decision relating to the SDC will not affect the rights, ownership and investments of the investors, the Jordan News Agency, Petra, reported, citing a JSC statement.

The JSC stressed that the government decision, part of an ongoing reform and stimulus programme, is aimed at the restructuring of the SDC, an independent government unit, while ensuring the continuation of its functions, according to Petra.

The restructuring will be carried out based on the recommendations of a specialised committee to be formed for this purpose. It will pursue this effort in accordance with international practices and standards, Petra added.