Jordinvest Signs Financial Advisory and Lead Manager Agreement with Siniora Food Industries
Amman, Jordan (March 2006) – Jordan Investment Trust PLC (Jordinvest) recently signed a financial advisory agreement with Siniora Food Industries. This agreement is to allow Jordinvest to provide the advice on optimal capital structure designed to meet the business objectives for the Siniora. Moreover, Jordinvest will implement the requisite step for taking Siniora’s public.
Currently Jordinvest is studying different possibilities of achieving Siniors’s objectives to increase capital as means of financing its expansion plan.
This agreement was signed between two very reputable firms, for since its establishment date in Jerusalem in 1920, Siniora Food Industries, gained positive recognition in regional markets as a leading provider of quality food products. Due to the efficiency of its operations, the firm is now a proud holder of both the ISO certification for Security Management and the Lloyds Registered Quality Assurance as well.
Jordinvest like Siniora Food Industries is also a powerful firm in its field, and this agreement only comes as further proof of the great level of confidence that the firm had gained amongst its clients. On account of the efficient financial, consultancy, and investment services it provides, Jordinvest has established itself as a market leader among both the organizations and the professionals it works with.
Commenting on the agreement signed, Chairman/CEO of Jordinvest Mr. Ahmad Tantash said, “We are proud of the level of trust that Jordinvest had gained among both its shareholders and its clients. I can only attribute our positive reputation to the high quality of the services we provide, and I hope that this agreement will help solidify and strengthen our presence in the regional market. I am proud to see a market leader like Siniora Food Industries added to our client portfolio, for we at Jordinvest, embrace Siniora Food Industries' interest in becoming a public shareholding company, and we strive, as is the case for all our clients, to see its goals achieved. We are currently working with our new client to find effective ways in which it can raise its capital and expand its operations, and we at Jordinvest give this agreement ample importance. We do want to see our relationship with Siniora Food Industries strengthened with time, and we hope that this agreement helps us achieve this cause.”
From his end, the Executive Director of Siniora Food Industries in Amman and Jerusalem Mr. Majdi Sharif commented on the agreement by saying, “Siniora Food Industries has set up a comprehensive strategy for the development of its operations; it aims to expand its capital, and to introduce its shares to the Amman stock exchange. We want to expand our product range by introducing new food products to our existing list of 70 meat items. With these ideas in mind, we strive to convert Siniora into a public shareholding company and in accordance with the consultation given us by the Arab Palestinian Investment Company (APIC) for the year 2006; we always look at ways in which investment opportunities could be utilized in the most effective of ways within regional markets."