كلمة الرئيس

Chairman’s Letter
JMRC had been established with joint efforts of the public and private sectors and it represents one of the important aspects for restructuring the housing sector in the kingdom, which is considered one of the main sectors of the national economy.

JMRC also constitutes a new and important link between money market and capital market through its provision of medium and long-term finance to local banks and financial institutions that grant housing loans, from its different financial resources, and most important of which is the proceeds of JMRC bonds issues in the local capital market.

JMRC’s operation mechanism, through refinancing housing loans, provides banks and financial institutions with the opportunity to increase their participation in granting housing loans with better terms and subsequently expand housing loans base in the kingdom especially for citizens with middle and low incomes, enabling them to own suitable houses, Moreover, JMRCs loans enable banks and financial institutions to manage their assets and liabilities more efficiently through matching the terms of their resources and the using of their funds.

Dear Shareholders,

Despite the difficult economic conditions the country and the whole world are going through, however the year 2022 came as a complementary to JMRC’s achievements that was made during the last period, JMRC was able to move forward towards achieving its goals in developing the housing finance market and the capital market in the kingdom.

JMRC efforts during 2022 resulted in granting (166) million JD so that the total value of loans granted by JMRC since the inception of its business had reached (2.306) Billion JD. While the balance of refinance loans as at 31 December 2022 amounted to (612.500) million JD, which is the highest balance since inception.

During 2022 JMRC issued bonds in the amount of (161) million JD in the local capital market, as such, the value of bonds, issued since the beginning of JMRC’s operations, reached (2.392) Billion JD. The outstanding balance of JMRC bonds issued as at 31 December 2022 amounted to (592.500) million JD.

The value of the loans granted by JMRC to banks and financial institutions along to the volume of bonds issued during 2022 is considered to be an important enhancement of JMRC’s role in improving and developing the housing finance market and capital market in the Kingdom. Over and above that JMRC is looking to extend its activity further in the secondary mortgage market by increasing the volume of its operations in refinancing housing loans and issuing bonds for different terms.

Dear Shareholders,

 In conclusion I would like to extend my sincere thanks and appreciation to our dear shareholders and their representatives, fellow board members for their contribution to JMRC’s achievements, and on behalf of myself and the members of the board of directors allow me to extend thanks and appreciation to JMRC’s general manager and all its employees for the efforts they are making in order to achieve JMRC’s results and goals, Here I should not forget to extend my sincere thanks and appreciation to the Central Bank of Jordan For the support and assistance JMRC receives to enable it to carry out its vital economic role, praying to God Almighty to help us all assume responsibility, serve the country, may God Almighty preserve this country under the leadership of Majesty King Abdullah II Ibn Al Hussein.

Peace be Upon You, so as Allah’s Mercy and Blessings

Dr. Adel Al-Sharkas
Chairman of the Board of Directors