of comprehensive financial and investment services locally and regionally,

announced the successful completion of the Initial Public Offering of Darat Jordan

Holdings’ 4 million shares. The offering was oversubscribed by 7.61 times with a

total subscription amount of JD 30,422,822, subscribed by 10,014 subscribers from

Jordan and the region.

of that same month, which indicates the record time in which Jordinvest has

concluded the IPO.

Jordinvest's expertise and role as the IPO manager were instrumental to the success

of this deal, through the integrated financial and consultancy services offered to

Darat, which included setting the business plan and future financial projections, as

well as preparing the prospectus, managing the IPO, and listing Darat's shares on

the Amman Stock Exchange which will be completed in the near future.

Commenting on this success, Mr. Ahmad Tantash, Chairman and CEO of Jordinvest,

said, "We are pleased with the conclusion of the subscription of Darat's shares in this

record time, helping market this IPO in Jordan and the Region as well, in accordance

with our vision for regional expansion. We are adamant and hopeful on continuing to

develop comprehensive financial services that will work to maintain the high level of

performance we have promised our partners and clients."

Dr. Khaled Wazani, Chairman of Darat’s Founders’ Committee, commended the

efforts put forth by Jordinvest to ensure this achievement, which is considered a

milestone in Darat's investments track record, and said, "This successful start has

positioned us to confidently move ahead with our different activities and investments.

We look forward to more future collaboration with Jordinvest given the

professionalism and precision that characterize its work."

The primary activity of Darat will be investing in variant sectors including financial

services, industrial, commercial, agriculture, real estate, tourism, and services,

through the Company’s fully owned and/or partially owned subsidiaries. Darat aims to

be a leading Real Estate Investment and Development Company, with focus on

touristic and residential projects that should both provide the company’s shareholders

with attractive returns on their investment, and also contribute to the economy of

Jordan through sophisticated tourism-related projects and affordable residential

compounds to citizens in Jordan.