Jordan Steel
Overview
- As one of the region’s leading steel manufacturers, Jordan Steel Group is continually working to expand its presence and enhance its capabilities. In 2006, when the company wanted to increase its share capital, it turned to Capital Investments to act as its issue manager.
- Capital Investments helped Jordan Steel Group successfully raise JOD22 million in subscribed share capital, selling around eight million shares to existing shareholders and strategic investors.
Outcome
- By increasing its share capital, Jordan Steel Group was able to acquire a smelting plant, allowing the company to expand its operations into billet manufacturing. Not only did this significantly improve its cost structure, but it helped insulate Jordan Steel Group from global price fluctuations in raw materials.