Amman, April 14 (Petra) – The Board of Directors of the National Arab Mining and Transformation Industries Company (NAMIC) has approved the first phase of a capital increase amounting to JD4 million.

According to a statement issued by the company on Monday, shareholders and board members, during an extraordinary meeting, agreed to increase the company’s capital in two phases.

The first phase, limited to current founding shareholders, will raise the capital to JD5.4 million over a two-month period. The second phase, set to commence immediately after the first, will increase the capital to JD40 million an additional JD34.6 million through a private subscription that includes both existing and new shareholders.

The meeting was chaired by Chairman of the Board Hamdi Tabbaa and attended by CEO Ayman Ayash and all board members.

NAMIC is a pioneering initiative established by Jordanian and Arab business leaders to contribute to the implementation of the Kingdom’s economic modernization vision, with a particular focus on advancing the mining sector and transformation industries.

//Petra// AJ

14/04/2025 13:42:14