Morgan Stanley Capital International Inc. (MSCI) has listed the Jordan Phosphate Mines Company (JPMC), a public shareholding company, on the MSCI Frontier Market 100 Index, and will be available for international investment funds as of May 31, 2022.
The listing came after the company met a set of financial standards, including profitability, liquidity, and share market value, as well as the company’s potential to generate continuing additional value for its shareholders, according to a disclosure by the JPMC.
It’s worth noting that the JPMC has taken a number of steps in recent years to improve its performance, limit expenses, lower production costs, and expand into new worldwide markets.
This had a favorable impact on the company’s performance, profitability, and ability to contribute to the national economy while also generating higher returns for its shareholders.
Source: Jordan News Agency