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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
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