Jordan Times
Sunday, August 22, 1999
Jordan Securities Commission to restructure financial market
AMMAN (Petra) — Prime Minister Abdur-Ra'uf S. Rawabdeh on Saturday called on the Jordan Securities Commission (JSC) to restructure the financial market in a manner that would offer the private sector the chance to play the role of a real partner with the public sector.
Rawabdeh was speaking during a visit to the JSC, where he met with JSC President Bassam Al Saket, said the government will continue its support for steps designed to promote JSC's activities to make available the necessary funds for investment projects.
Rawabdeh was accompanied by Deputy Prime Ministers Marwan Hmoud and Rima Khalaf as well as the ministers of finance and industry and trade. He lauded the JSC's cooperation with its counterparts in Kuwait, Egypt, Bahrain and Lebanon describing it as a means for attracting investors from the Arab world.
Expressing the government's determination to enact laws that would protect the interests of all investors in the financial market, the prime minister called on the JSC to take steps to create a mechanism for organising and controlling the capital market on sound and transparent bases that would increase investor confidence in the market.
Rawabdeh said that local savings serve as the cornerstone in building the national economy and there is need for protecting this capital and encouraging savings for investment purposes.