Dec 02 2007 |
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Jordan: Airline staff to get shares
State-run Royal Jordanian airline signed a deal to distribute nearly 6.75 million shares, or eight per cent of its total shares, to its employees, Jordan's official Petra news agency reported yesterday. The shares will be distributed at a ceiling of 20 million Jordanian dinars (Dh104m) and Royal Jordanian signed an agreement with the air transport and tourism trade union on this yesterday, Petra reported. In November, the Jordanian government launched an IPO for nearly 59.9 million shares representing 71 per cent of Royal Jordanian .© Emirates Today 2007
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