The Housing Bank for Trade and Finance – Jordan announced in a bourse filing to the Amman Stock Exchange that the Board of Directors has recommended cash dividend of 35%.


The Bank’s capital amounts to JOD 252 million, distributed on 252 million shares at JOD 1 par value each. 


Financial for the Housing Bank showed a rise in its profit by 12% to JOD 93 million during the fourth quarter of 2014, compared to JOD 83 million during the same period of 2013. The Bank’s revenues also grew during the same period, according to EFG-Hermes.


Hermes gave the recommendation “sell” due to a decline in the fair value of the Bank’s share by 41.75% to JOD 5.3, compared to JOD 9.1.