Jordan refinery raises capital, distributes 18% cash dividends, bonus shares

By Petra - Apr 29,2015 - Last updated at Apr 29,2015

AMMAN — Jordan Petroleum Refinery Company will be distributing JD11.25 million in cash dividends to shareholders at a rate of 18 per cent following their endorsement during a general assembly meeting.

Shareholders will also get bonus shares at a rate of 20 per cent as the company capitalises JD12.5 million of retained earnings raising capital to JD75 million. The general assembly also approved allocating JD3.9 million to mandatory reserve.

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