Jordan reports 247% hike in number of firms under liquidation

14 Sep 2012

(MENAFN) Jordan Companies Control Department issued a report revealing that during the January-August period, the number of firms under liquidation soared by 247 percent from 2011, reported The Jordan Times.

The department said that 632 companies are under liquidation, compared with 182 firms in 2011’s same period.

The number of invalidated companies jumped 13.8 percent during the first 8 months of 2012, reaching 2,011, with a capital of USD98.11 million.

The number of registered companies went up by 2.8 percent, reaching 5,430, compared with 5,279 companies a year ago.

It is worth noting that foreign investment in the Kingdom declined to USD318.54 million.

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