US Morgan Stanley Capital International (MSCI), has listed shares of the Jordan Phosphate Mines Company (JPMC), a public shareholding company, on the “MSCI Frontier Mark Index” for investment by specialized global investment funds, starting Tuesday.
The listing was a result of the JPMC’s fulfilling financial requirements in terms of profits, liquidity, improvement in trading and the market value of the share, and its ability to generate continuous added values for its shareholders, which leads to an increase in demand for the company’s shares.
Over the past few years, the JPMC has taken a number of measures to develop its performance, control its expenses, reduce production costs, and open new global markets, the positive effects of which were reflected on the company’s performance, profitability and ability as an active contributor to supporting the national economy and achieving better returns for its shareholders.
Source: Jordan News Agency