Arab Phoenix Holdings(PHNX)
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 Amman stock exchange (ASE) from 236 the companies that are listed in Jan.2020.
Arab Phoenix Holdings Subsidiaries
The real estate companies owned 100% by PHNX are: Taameer Investments Real Estate, Andalusia Resorts & Real Estate Development, Red Sea Resort for Real Estate Development, AlQabas for Real Estate Development and Others.
