Royal Jordanian Airlines’ initial public offering (IPO) raised JD 164.5m ($232m) for 71 per cent of the company, the equivalent of 22 million shares.
The shares were priced at JD 3.08 ($4.20) valuing the company at JD 260m ($367m).
The remainder of the shares were allocated to the company’s employee fund.
The IPO is the first privatisation a regional flag carrier.
The issue was offered to Jordanian retail investors and local and international institutional investors.
It closed on 7 December and shares will start trading on the Amman Stock Exchange on 17 December.
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