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key investors in Jordan Telecom Group

orange_dot.jpg  JITCO (owned 100% by France Telecom)

France Telecom has been a long term strategic partner of Jordan Telecom holding some 40% of the overall share ownership through JITCO, its joint venture with Arab Bank.  Early in 2006, France Telecom bought out Arab bank’s interest in JITCO and on July 5th , 2006, JITCO formally increased their ownership to 50% (plus one share) to take overall control of the JTG.

France Telecom, one of the world's leading telecommunications operators, serves more than 153 million customers on five continents (220 countries or territories) as of September 30, 2006 and had consolidated sales of 49 billion euros by IFRS standards in 2005 (38.4 billion euros for the year-to-date at September 30, 2006). Launched in June 2005, the NExT program (New Experience in Telecommunications) will allow the Group to pursue its transformation as an integrated operator and to make France Telecom the benchmark for new telecommunications services in Europe. On June 2006, Orange thus became the Group's single brand for Internet, television and mobile in France, the United Kingdom, the Netherlands and Spain, and Orange Business Services the brand name for the services offered to businesses worldwide. France Telecom is number two mobile operator and provider of Internet services in Europe and amongst the world leaders in providing telecommunication services to multinational companies.
France Telecom (NYSE:FTE) is listed on Euronext Paris Eurolist market and on the New York Stock Exchange.

orange_dot.jpg  Noor Telecom Holding Company Ltd

During the Government of Jordan’s (GoJ) private placement of its share ownership, Noor Company acquired 10% of the share capital of JT .

Established in June 1996, Noor Financial Investment Company, a Kuwaiti based company, was formerly known as National Al Mahajer Company until June 2005. On 1st May 2006 Noor Financial Investment Company started trading on the Kuwait Stock Exchange.

Today Noor is a premier financial institution in the region and subsidiary of National Industries Group (Holding), one of the largest industrial conglomerates in the Middle East with principal activities including local and international investments; corporate finance advisory; mergers and acquisitions, and asset management.

orange_dot.jpg  Social Security Corporation (Jordan) 

In February 2000, Jordan’s own Social Security Corporation first acquired an 8% stake in JTG and then a further 5% in October 2002 as part of the Government’s initial public offering.  In July 2006, again the SSC increased its ownership by 5% and today SSC owns a 17.6% stake in JTG.

orange_dot.jpg  The Government of Jordan

The GOJ undertook a secondary public offering of its shares in JTG with the aim of enabling a greater number of ordinary Jordanians to share in the success of the Group. As a result the GOJ currently holds 15.65% bearing in mind that 3% will be allocated to various Jordanian military retirement funds and 1% to JITCO before the end of November 2006.

orange_dot.jpg  Institutional and retail investors

As part of the Government’s private placement, 3% of the JTG shares will be allocated to various Jordanian military retirement funds.    Otherwise, today some 6.75% of JTG is owned by individuals or larger investment corporations.