The university organizes a dialogue session on the role of initial public offerings in stimulating the Amman Stock Exchange.
Representing the President of the University, Professor Osama Nusier, the Vice President of the University for Financial Affairs and Investment, Professor Marai Bani Khaled, sponsored the dialogue session entitled "The Role of Initial Public Offerings in Revitalizing the Amman Financial Market and its Reflections on Economic Growth and Job Opportunities," which was organized by the Faculty of Business through the Accounting Department in the Al-Bukhit Amphitheater at the Faculty, with the participation of former Minister Dr. Yousef Mansour, Citibank Director Nour Jarar, CEO of the Amman Stock Exchange Mazen Wathaifi, and CEO of the United Financial Investments Zaid Nassif, and in the presence of the Vice President for Administrative Affairs and Institutional Development, Professor Muhannad Nazzal, the Dean of the Faculty of Business, Professor Turki Al-Fawaz, and some interested members of the local community, in addition to faculty members and students of the Faculty.
The session, which was presented and moderated by the Head of the Accounting Department, Professor Muhammad Al-Hadab, emphasized that it comes in the midst of hosting international economic figures, an ambitious reform launch, and an economic vision led by His Majesty King Abdullah II Ibn Al-Hussein, may God protect him and the Crown Prince, with the aim of raising economic growth, creating job opportunities for Jordanian youth, and stimulating the business environment in a way that reflects on development and improves the citizen's livelihood.
Former Minister Yousef Mansour was the first speaker in the session, where he pointed out that governments create financial markets through a safe investment environment, legislation, and its stability, and how we preserve investment in our country by reducing the cost to the product, growth, investment, and the capital market, and he explained the extent to which it actually contributes to stimulating economic growth and creating direct and indirect job opportunities in Jordan. He also addressed the basic economic factors that must be improved to make the investment environment more attractive to companies wishing to transform into public shareholding.
Ms. Nour Jarar spoke about international experiences, the readiness of companies, risks, and the flow of capital, pointing to the most important elements of readiness that Jordanian companies focus on before transforming into major public shareholding companies.
She also highlighted the best global practices in initial offerings and the common mistakes that Jordanian companies should avoid, and explained how international financial institutions and banks can support local markets and increase the flow of capital, and pointed to the role of the local banking sector in supporting companies and how to measure the level of governance and transparency in Jordanian companies that are considering offering subscriptions. Jarar added that corporate governance in financial companies, public disclosure, and the presence of investors in the local community are necessary, and she also mentioned the combined reasons around the product, service, shares, strategic dimensions, and added value, and that governance and procedures are an important factor in forming a relationship with the investor community.
The CEO of the Amman Stock Exchange, Mazen Al-Wathaifi, spoke about legislation, listing, liquidity, and the role of the Stock Exchange, pointing to performance indicators and the improvement and development of stock pricing, and the current legislative environment that stimulates an increase in the number of subscriptions.
He also addressed the necessary reforms to enhance listing on the Amman Stock Exchange, the listing requirements that companies must meet, and the efforts made to simplify procedures and clarify the path for companies, and Al-Wathaifi explained the new initiatives that the Amman Stock Exchange is working on to enhance the attractiveness of the market, increase liquidity, and attract investors.
Mr. Zaid Nassif, who addressed the executive side, pointed out the evaluation of companies for the initial public offering, which depends on real scientific foundations, and how shares are the meeting point for investors.
He also touched on the most prominent executive challenges facing companies during the preparation phase for the IPO and how to deal with them.
At the end of the session, which concluded with an extensive discussion between the lecturers and the audience and came with answers to the questions and inquiries of the audience, the representative of the President of the University honored the participants with honorary shields from the University.