Al Mawared Successfully Closes Capital Raise for Madfooatcom

Wednesday, March 28, 2018

 

Al Mawared, a Jordanian investment banking firm active in Brokerage, Corporate Finance, and Asset Management announced the successful closing of a capital raise for its client, MadfooatCom, to the amount of USD 2.3 million

Madfooatcom is the leading Electronic Bill Presentment and Payment (EBPP) provider in Jordan and operator of the nationwide integrated EBPP platform – eFawateercom

As financial advisor and placement agent for Madfooatcom, Al Mawared secured a private equity investment for MadfooatCom from Arab Palestinian Investment Company (APIC), an investment holding company with investments in manufacturing, trade, distribution, and service sectors throughout the MENA region

The capital increase will be used to support MadfooatCom's regional expansion.

ASE Summary as of 23/05/2019

MARKET SUMMERY

Value
Trading Value (JDs mil) 2.7
Trading volume (mil) 3.6
No. of Transactions 1665
No. of Securities 97

TOP 5 GAINERS

Symbol Last % Chg
JOIR 0.12 9.09
ELZA 0.19 5.55
AMAL 0.64 4.91
RUMM 0.64 4.91
SITT 0.44 4.76

TOP 5 LOSERS

Symbol Last % Chg
ASAS 0.13 -7.14
IBFM 0.14 -6.66
WIRE 0.2 -4.76
MANR 1.04 -4.58
PHIN 0.63 -4.54

MOST ACTIVE COMPANIES

Value Traded (JD) %
RUMM 395,538.760 14.68%
UINV 275,455.500 10.22%
ENTK 258,116.630 9.58%
ULDC 202,691.410 7.52%
RUMI 143,107.970 5.31%

Annual Reports

Flash Note - Jobedu Signs Licensing Agreement with Walt Disney Company for the Middle East
Flash Note - Madfooatcom Increases E-Payments Processed Through Its Platform