Jordinvest to Launch Pan Arab Equity Fund

Amman, Jordan (November 2005) – Jordan Investment Trust PLC (Jordinvest) announced the launch of the Pan Arab Equity Fund, the first Fund of its kind in Jordan, offering optimum diversification across Arab stock markets and sectors with a focus on promising economies and high growth sectors. The fund, which is currently undergoing registration, will be an open-ended mutual fund, where individual investors may obtain higher financial gains.

Jordinvest developed its first Fund, the First Trust Fund for Financial Securities in 2000. Since, Jordinvest continues to set the standards for investments within the local and regional markets, their client driven approach has led to the development of this new fund.

The aim of the new Fund is two-fold: to achieve capital growth in assets’ net value within the medium and long terms through investments in Arab stock exchanges/bourses and to reduce the risk of price fluctuations in these markets by diversifying the investments in Authorized Markets.

A strong portfolio of securities, diversified investments among strong regional economies and key sectors with high growth potential, and high liquidity are the fundamental advantages of this newly created Fund.

Mr Ahmad Tantash, Vice Chairman/CEO of Jordinvest said, “We continue to develop innovative products and services in our commitment to achieve and surpass our customers’ financial objectives and we are proud to establish the Pan Arab Fund in Jordan, setting the standards within the industry.”

In commenting on the Fund, Mr Qutaiba Hwamdeh, Fund Manager and Vice President of Capital Markets & Asset Management said, “The launch of this new Fund offers our investors the opportunity to obtain higher financial gains through a wider diversification of investments. By offering more dynamic investment opportunities within the region we are also able to attract new investors and further contribute to economic growth and development of Jordan.