It is worth mentioning that the company’s losses declined by 14% to JOD 285.4 thousand in the first half of 2014 compared with JOD 331.5 thousand in the first half of 2013.

Financial statement showed that the increase will be executed through private subscription of the company’s shareholders or new ones and stock par value at JOD 1/share.

In its extraordinary general meeting, Jordan Clothing Co PLC announced that shareholders approved increasing the company’s capital from JOD 4 million to JOD 5 million/shares.