The Chief Executive Officer(CEO) of Amman Stock Exchange (ASE) Mr. Nader Azar said that “ The Regulating Directives for Trading in Unlisted Securities for the Year 2016 ” and ” Listing Securities Directives for the year 2016 ” will come into force as of Thursday 4 August, 2016 . Pursuant to the above mentioned directives the Over – The – Counter (OTC) Market will be introduced at the ASE.
Azar clarified that the inception of this market comes as a part of developing a mechanism for trading in unlisted securities through their related market ; in addition to give an opportunity for the shareholders of the listed and suspended companies to sell their shares according to supply and demand forces. Also enabling investors interested in buying the shares of those companies to do so. Noting that all interested parties can obtain more information about the OTC Market from the press release which was published earlier at the following link: