JPMC among Forbes top 100 Middle Eastern listed companies

Jordan Phosphate Mines Company  JPMC
(File photo: Jordan News)
AMMAN — The Jordan Phosphate Mines Company (JPMC) ranked 82nd on Forbes Middle East’s Top 100 Listed Companies 2022 list, with a market cap of $4.5 billion, according to the Jordan News Agency, Petra.اضافة اعلان

According to Forbes, the business operates in two industries, mining and the production of phosphoric fertilizers, and owns four phosphate mines in Jordan. By acquiring Mitsubishi’s 10 percent stake in Nippon-Jordan Fertilizer Company in December 2021, JPMC took over as the company’s largest shareholder.

This year, the company produced 10 million tons of phosphate, a 12 percent increase over the previous year. It also started construction on a $85 million phosphate washing plant in the Maan governorate and, in May 2022, signed $1.5 billion export deals with Indian companies.

In terms of performance and sales, JPMC has set new benchmarks and is a significant contributor to the national economy.

The company’s pre-tax net profits reached JD786.496 million in the first nine months of 2022, up 224.5 percent from JD242.384 million in the same period in 2021.

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