Corporate social responsibility in Jordan: 3% of net profit is spent on CSR by publicly traded companies.
New research and analysis by the Arab Advisors Group analyzes 56 companies that are traded on the first market in the Amman Stock Exchange. During 2013, the companies spent JOD 27.3 million on CSR, up by 1% over 2012, in which the same companies spent JOD 27 million.
New research and analysis by the Arab Advisors Group focuses on CSR expenditure by the first market companies listed on the Amman Stock Exchange. The companies spent 2.9% of their net profit on CSR expenditure in 2013, while the companies have spent 2.6% of net profit on CSR expenditure in 2012.
The new report, “CSR Expenditure of Public Shareholding Companies” was released to Arab Advisors Group’s telecoms strategic research service subscribers on June 11, 2014. This report can be purchased from the Arab Advisors Group for only US$ 950. The report -which has 58 pages and 36 detailed exhibits- analyzes the CSR expenditure of 56 companies.
“The highest 5 CSR spenders were the Arab Bank, Arab Potash Company, Jordan Islamic Bank, Jordan Ahli Bank and Cairo Amman Bank.” Mr. Omar Ja’abari, Arab Advisors Group senior research/financial analyst wrote in the report. “Still, the Arab Bank and Arab Potash Company contributed to 82.5% of the total CSR spent by the companies” Mr. Ja’abari wrote in the report.
Arab Advisors Group
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PO Box 2374, Amman 11821