COMPANY OVERVIEW
Arab Phoenix Holdings PHNX formally known as Taameer Jordan Holdings was established in 2005 in Amman as a public shareholding company, listed on the Amman Stock Exchange. PHNX positioned itself to be one of the largest companies to operate in the real – estate development field locally and regionally, through having a diversified portfolio of projects.
The company’s current paid up capital is JD 86,840,292 million and the size of the investments it made in the Jordanian market exceeded JD 300 million (USD 422.5 million).
The value of its Initial Public Offering (IPO) was closed for JD 670 million (USD 943.6 million) which is 14 times greater than its initial value and the largest ever recorded in the Amman Stock Exchange.
PHNX has the largest number of shareholders in ASE from 236 of companies listed in Jan.2020.
PHNX was ranked the 7th largest company amongst the 30 top market players listed in the Jordan Stock Exchange.
In July 15th, 2015, a new board of directors for the company was elected.The board has a new strategy that aims to position PHNX to be one of the largest companies to operate in the real estate field through having a diversified portfolio of projects and put this company back in the leadership.
The company was restructured from the organizational perspective also to coop for the new corporate strategy.
The company has a long list of subsidiary and sister companies operating under its umbrella.
All these companies work to enhance PHNX levels of productivity at all stages of its projects’ development. These companies were established in compliance with PHNX vision to pioneer, excel, and expand within the Hashemite Kingdom of Jordan and the region at large. The company strives to serve all segments of the community by catering to the real-estate related needs of an expanding client base and positively contributing to the socio-economic development of the communities it operates in.
