Disclosure of Material Information

 In Announcements_eng
  • The affiliate company Beaches for Hotels and Resorts sold a land it owns located in Aqaba City for a total value of  about (26) million Jordanian Dinars (about USD36.67m)
  • Arab International Hotels holds (30.926 %) of the equity of Beaches
  • The General Assembly of Beaches at its meeting held on Dec 30 2019 resolved to:
    • Decrease the authorized and paid up capital of the company from (10) Million Jordanian Dinars to (2) Million Jordanian Dinars.
    • Distribute (12) Million Jordanian Dinars representing (120%) of its paid up capital as dividend to its shareholders.
  • AIH share of the dividend will amount to about JOD(3.7) million (equivalent to USD 5.2 Million).

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