Jordan's Arab Potash Launches Country's First GDR Issue
On 8 December the Arab Potash Company became the first Jordanian company to issueGlobal Depositary Receipt (GDR) issue. A total of 3.62mn shares to the value of $32.7mnwere offered, consisting of shares left unsubscribed from an earlier public issue and aportion of the government's 55% stake. The GDR issue, representing 4.5% of total shares,now puts private shareholding in the company at 7%. The...