Amman: Chief Executive Officer of the Amman Stock Exchange, Mazen Wathaifi, announced that net profits after tax attributable to shareholders of listed companies rose to JD620.7 million in the first quarter of 2026, compared with JD564.8 million in the same period of 2025, marking a 9.9 percent increase and the second-highest first-quarter earnings on record after 2022.
According to Jordan News Agency, Wathaifi stated that pre-tax profits also climbed to JD842.8 million in the first quarter of 2026, up from JD804.8 million a year earlier, reflecting a 7.4 percent increase and underscoring improved aggregate corporate performance. He emphasized that 96 percent of the 159 listed companies submitted their audited interim financial statements for the period ending March 31, 2026, within the regulatory deadline via the electronic disclosure system (XBRL), highlighting strong compliance with disclosure requirements and adherence to transparency standards.
Wathaifi explained that listing regulations mandate all companies to submit auditor-reviewed interim financial statements within the specified timeframe, adding that the Exchange has published the data on its official website as part of periodic disclosures. Sectoral data revealed that net profits in the services sector surged by 105.1 percent in the first quarter, while the industrial sector recorded an 8 percent increase and the financial sector posted a 2.1 percent rise.
He noted that the Exchange's upward trajectory reflects the resilience of the national economy and its capacity to navigate regional and global challenges, positioning the Exchange first regionally and thirteenth globally, thus reinforcing its international standing. Wathaifi highlighted that the Exchange has recorded notable performance since the start of 2026, driven by increased trading volumes and gains in the market index, signaling improved market activity and a recovery in investor confidence.
He attributed these results to sustained confidence in the national economy, bolstered by its resilience amid regional and international pressures, as well as supportive fiscal and monetary policies. This confidence is reflected in continued support from international institutions, including the International Monetary Fund, and reaffirmations of Jordan's sovereign credit rating by Moody's and Standard and Poor's with a stable outlook.
Wathaifi pointed to positive macroeconomic indicators, including 2.8 percent growth in 2025, foreign reserves nearing $28 billion, anticipated increases in investment flows driven by infrastructure, energy, and water sector opportunities, and a 3 percent rise in national exports during the first two months of the year. He mentioned that trading in the shares of Arab Insurance Company - Jordan (AICJ), Al-Quds Insurance Company (JERY), and Afaq Investment and Real Estate Development Holding Company (MANR) was suspended as of May 3, 2026, due to their failure to submit required interim financial statements within the prescribed period.
Wathaifi warned that non-compliance will result in continued suspension for three working days, after which trading will resume under regulatory restrictions, including reduced session duration and tighter price fluctuation limits, until the required disclosures are submitted, in line with Articles (15/A) and (15/C) of the listing instructions. He also noted that trading in Union Financial Investment Company (UINV), Jordan and Emirates Dimensions Company for Commercial Investment (JEDI), and Union Factories Company for the Production of Tobacco and Cigarettes (UTOB) remains restricted due to outstanding financial disclosures and audit-related issues.