The end of the contract of the CEO of the SDC
Ref. : 8/11/6414
Date: 20/12/2012
Memo No.
(30/2012)
Members of the Securities Depository Center
Subject: The end of the contract of the CEO of the SDC
Due to the contract of the CEO (Samir Jaradat) will not renew
for another period thus; the CEO's duties and responsibilities will end at the
termination date of his contract with SDC as of Dec. 31, 2012.
Therefore, the deputy CEO, Mr. Khalil Nasser, will be performing the duties of
the vacant position of the CEO, managing the affairs of the SDC as of Jan. 1,
2013.
I hereby would like to extend my gratitude and appreciation to all SDC members
of Public shareholding companies, brokers and custodians for their support and
cooperation, since SDC's establishment and throughout the coming years.
The collaboration of their efforts made it easier for the SDC to build up a
stable investing environment in the Jordanian Capital Market.
Since the SDC commenced operation in the year 2000 up till now, this institution
was able to reserve an outstanding position in the depository industry amongst
Capital Markets all over the world, and had been well recognized in a short
period of time.
We had been able to attain the development, technical and operational progress
of settlement and custody operations in the Jordanian Capital Market through a
cycle of legislation and procedures set into electronic systems to maintain a
stable, up to date, standardized measures to assure the safety and credibility
of all SDC operations.
Many plans and projects were implemented, that contribute to the effectiveness
and the transparency of the Market, which were supported by the Regulatory
Authority in the Jordanian Capital Market.
Furthermore, we couldn’t have achieved and sustained this environment without
the support of the boards of Commissioners of the JSC, the Succeeded boards of
the SDC, as well as the teamwork of the SDC staff who worked hard throughout the
years for the welfare of this institution and the sake of the Jordan.
I thank you all, and wish the SDC of Jordan prosperous and successful years to
come, contributing in the benefit of the Jordanian Economy under the patronage
of his majesty King Abdullah the second.
Yours sincerely,
Samir Jaradat
Chief Executive Officer