SUBSIDIARY NAME
CAR MANUFACTURING – SUV AND PICKUP
COUNTRY
AMMAN JORDAN
SECTOR/ INDUSTRY
MANUFACTURING
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 31, 2022
ACQUISITION VALUATION
447.522295 MILLION
TOTAL ASSET VALUATION
4.47522295 BILLION
MINING
Car Manufacturing – SUV and pickup by Marwan Al Hodibat acquired on August 31, 2022.
Establish the first of its kind in the Middle East, Gulf & Africa a fully automated car factory which includes all the 5 Major elements that a vehicle factory requires to produce both (SUV and Pickup) in Jordan with added value of more than 55 pct.
- Stamping Production Line – Fully Robot
- Welding Lines – Fully Robot
- Assembly Lines – Semi Fully Robot
- Painting Line – Fully Robot
- Testing Line – Computer control testing