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Central Co. (PLC) Transformation Plan
During the first quarter of 2005 the board
of directors of the company recognized the potential and
returns of financial investments and property development
and have decided to transform the company activities and
operations to become a company specialized in both financial
investment and property development.
To achieve the transformation objectives,
the company adopted a plan consisting of two main phases:
Phase 1
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To restructure the subsidiary companies
and to transform their ownership into a financial investment.
Phase 2
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To increase the capital of the company
to become 20 million JD on two stages.
During the first stage the capital will
be increased to 10 million JD.
This step will be completed by the end of 2007.
The second stage will be implemented at a later stage
to be decided by the board of directors.
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