You are here

JPMC listed on MSCI Frontier Market 100 Index

By JT - May 25,2022 - Last updated at May 25,2022

AMMAN — Morgan Stanley Capital International Inc. (MSCI), a US-based investment research firm, has listed the Jordan Phosphate Mines Company (JPMC), a public shareholding company, on the MSCI Frontier Market 100 Index, and will be available for international investment funds as of May 31.

The listing came after the company met a set of financial standards, including profitability, liquidity and share market value, as well as the company's potential to generate continued additional value for its shareholders, the Jordan News Agency, Petra, reported.

The JPMC has taken a number of steps in recent years to improve its performance, limit expenses, lower production costs, and expand into new worldwide markets, Petra added. Such procedures had a favourable impact on the company's performance, profitability, and ability to contribute to the national economy while also generating higher returns for its shareholders. 

 

up
13 users have voted.

Newsletter

Get top stories and blog posts emailed to you each day.