Royal Jordanian
RJAL
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0.26
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RJAL
Jordan Prime Minister, Abdullah Al-Nasour ended arguments over Royal Jordanian’s destiny. The company faces mandatory liquidation according to Jordan’s corporate law after its losses exceeded 80% of capital, or JOD 70 million, until the end of 2013.
Al-Nasour assured that the government discusses, in coordination with the company’s board, restructuring it. He added that there are political decisions will be taken to preserve the company’s sovereignty based on economic rules.
Al-Nasour assured that the government discusses, in coordination with the company’s board, restructuring it. He added that there are political decisions will be taken to preserve the company’s sovereignty based on economic rules.
Source:
Mubasher