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International Cards Company Conducts First Official Shareholder Meeting |

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[Amman, Jordan – June 5th , 2006]
The first official shareholder’s meeting for the recently public company, International Cards Company (ICC) was held on June 4th, 2006 at the Sheraton Hotel. This meeting was held subsequent to receiving all the approvals to transfer the company status from a limited liability to a public shareholding company.
International Cards Company became officially public as of May 9th, 2006 with a paid-up capital of JD10 million. The shareholders consist of a strong network of specialized companies and businessmen. ICC’s commitment revolves around studying the market and tailoring the most convenient and flexible financial solutions to cater to the existing needs of the existing and potential clients.
During the meeting the shareholders reviewed the establishment’s committee report and the general expenses regarding the company status transformation. The first Board of Directors was elected and consisted of Mr. Makram Khalil Alami, Suhail Muasher & Bros. Company, Mr. Marwan Salim Kheirelddine, ALRoucheh for Investments and Trade, Ready Mix Concrete and Construction Supplies Company, Mr. Khalil Makram Alami, Mr. Anas Al Chalabi, Mr. Mansour Akram Alami, Mr. George Jack Khayyat, and Grant Thornton was elected as the External Auditor.
ICC was incorporated in Jordan as a limited liability company in 1999 as a principle member of MasterCard International and in 2004 ICC became a Super Agent for MoneyGram International. Exponential growth has been a trend at ICC allowing it to obtain a leading role in the MasterCard network in Jordan. ICC’s vast network consists of a substantial and diversified client base of individuals and reputable establishments. ICC has a full service MasterCard® center in Jordan offering the many MasterCard® products. ICC will continue to maintain its high end Customer Care and flexible product base.
The Chairman of the Board, Mr. Makram Alami said, “We are very enthusiastic regarding this strategic stride forward for ICC, it opens new doors for us to more effectively fulfill our vision as a comprehensive financial solutions company. We have come very far since our establishment and wish to go a lot further with immense ambition to actively enhance the overall development of the credit card sector in our beloved Jordan and support our Jordanian National Economy”
| For more information contact: |
Reem Maroun
Business Development Manager
International Cards Company |
Tel: +962 6 5660 660
Fax: +962 6 5650 822
Email: Rmaroun@kartee.com.jo |
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International Cards Company Raises Capital to JD 10 million
International Cards Company and International Brokerage and Financial Markets Company Announce Strategic Partnership |

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[Amman, Jordan – February 28th , 2006]Amman, March 1st, 2006 - International Cards Company (ICC) announced on Thursday, February 23, 2006 its strategic partnership with International Brokerage and Financial Markets Company (IBFM) and a group of other investors. This puts ICC's capital at JD 10 million. This partnership will support the company in providing even higher quality services to its current and future clients, as well as extending products and services to include a comprehensive selection of alternate financial solutions.
The partnership is set to contribute to the development of IBFM business and services on both a local and regional level. It will entitle its clients to automatically obtain an ICC MasterCard credit card as the initial benefit of this distinguished partnership, and as the first step towards providing its clients with high end integral financial services.
Under this new partnership, IBFM will provide consultancy services – as the Underwriter to transform ICC into a public shareholding company.
Mr. Khalil Al-Alami, deputy general manager of ICC, said: "We are pleased to have established the mutually beneficial and constructive partnership with IBFM. The company was able to prove itself in acquiring people’s trust in the local market within a short period of time. This new partnership will contribute to expanding our client portfolio and positively reflect on the revenues and profits of ICC. It will also open doors for us to offer an expanded selection of innovative and creative services.”
Commenting on this partnership Mrs. Maha Hammad, deputy general manager of IBFM, said: “ICC works in an alternate and complementing financial field, this strategic move will enable us to provide integrated solutions for our clients. We strongly believe this partnership will provide a win-win situation for both parties. We believe that ICC has vast and advanced capabilities as well as a very high potential for growth.”
ICC is a Principle Member of MasterCard International. Since its establishment in 1999, ICC expanded to be one of the leading financial establishments in the MasterCard International Network, and the only company in Jordan providing comprehensive MasterCard services. ICC services a large group of reputed individuals and companies from different sectors and backgrounds. No card is more accepted than MasterCard at over 24 million locations worldwide.
ICC expanded its product base in 2004 to become the Super Agent for MoneyGram International, an instant money transfer company, with the authority to establish and grant sub-agents in Jordan.
| For more information contact: |
Reem Maroun
Business Development Manager
International Cards Company |
Tel: +962 6 5660 660
Fax: +962 6 5650 822
Email: Rmaroun@kartee.com.jo |
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Editor's Notes:
International Cards Company (ICC)
ICC is a Principle Member of MasterCard International. Since its establishment in 1999, ICC expanded to be one of the leading financial establishments in the MasterCard International Network, and the only company in Jordan providing comprehensive MasterCard services. ICC expanded its product base in 2004 to become the Super Agent for MoneyGram International, an instant money transfer company, with the authority to establish and grant sub-agents in Jordan. ICC employs more than 60 people and has a large and diverse base of clientele and customers. It cooperates with a network of three major banks in Jordan.
International Brokerage and Financial Markets Company (IBFM)
Established in 2005 as a public shareholding limited company, IBFM has the expertise to offer financial consulting and advisory of the best quality with a concentration in asset management, IPO management, integrated brokerage and underwriting. The services pertain to the local, regional and International markets. IBFM has a state of the art, high end market watch room for monitoring trends and alerts. IBFM will provide channels for clients to productively access and manage their portfolios online.
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International Cards Company Launches New ICC MasterCard 2006
FIFA World Cup™ Credit Card
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Apply for the new ICC MasterCard 2006 FIFA World Cup™ card
and win a prize package to watch a match in Germany.
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[Amman, Jordan – March 5th , 2006] With the excitement of the upcoming 2006 FIFA World Cup™ matches in Germany, International Cards Company (ICC) has launched its ICC MasterCard 2006 FIFA World Cup™ credit card.
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The new card features an energetic design with a picture of a football integrated into the word “goal”. ICC MasterCard 2006 FIFA World Cup™ credit card holders will automatically be entered into a draw to win a prize package that includes one match ticket, two night stay in a four star hotel, airport transportation, pre-match drinks and stadium transportation. The match tickets are courtesy of MasterCard International.
A total of four prize packages are available. Those eligible to win are current ICC MasterCard credit card holders, new ICC MasterCard 2006 FIFA World Cup™ credit card holders, and anyone who has a MasterCard credit card from the ICC affiliate banks, Export Finance Bank, Jordan Kuwait Bank and Egyptian Arab Land Bank.
To qualify for entering the draw the MasterCard credit card holder must simply use their ICC MasterCard 2006 FIFA World Cup™ credit card to purchase anything twelve times or more before March 31th, 2006. This will automatically enter the cardholder in the draw to win one of the four prize packages. Chances to win are increased the more frequently the ICC MasterCard 2006 FIFA World Cup™ credit card is used.
ICC are also offering merchants the chance to win. Conditions for an ICC merchant to win include utilizing the ICC MasterCard 2006 FIFA World Cup™ credit card point of sale service (POS) for over 30 transactions. With the increased use of the ICC MasterCard credit card or ICC POS, the more likely to win the prize.
The Deputy General Manager of ICC, Mr. Khalil Al-Alami said, “MasterCard International is the Official Sponsor for the 2006 FIFA World Cup and had began its alliance with FIFA World Cup since 1990. International Cards Company is a firm supporter of all sports and this year tends to emphasize the 2006 FIFA World Cup culture on a local level.”
“MasterCard is delighted to have collaborated with ICC on this exciting, benefit loaded ICC MasterCard 2006 FIFA World Cup™ credit card. FIFA World Cup™ card programs have been rolled out across the globe and this card enables Jordanian cardholders the opportunity to get closer to the game they love.”, added Denzil Lawson, Senior Vice President and General Manager, Middle East & North Africa, MasterCard International.
ICC MasterCard 2006 FIFA World Cup™ credit card holders will get all the benefits and features provided by ICC such as 24 hour boutique customer care, full delivery service for the application, card and payments. MasterCard cardholders can use their cards at more than 24 million acceptance locations around the world, including over 1 million ATMs and other locations where cash can be obtained.
ICC’s vast network consists of a substantial and diversified client base of individuals and reputable establishments In 2004 ICC expanded its product base and services by becoming a Super Agent of MoneyGram® International for money transfer with the authority to grant membership.
| For more information contact: |
Reem Maroun
Business Development Manager
International Cards Company |
Tel: +962 6 5660 660
Fax: +962 6 5650 822
Email: Rmaroun@kartee.com.jo |
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About MasterCard International
MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members’ credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard manages a family of well-known, widely accepted payment card brands including MasterCard®, Maestro® and Cirrus® and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless® advertising campaign is now seen in 105 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information, go to www.mastercardinternational.com.
| For more information about MasterCard International, please contact: |
Vicki Morley
GolinHarris
Tel: +9714 332 3308 extn 203
Email: vmorley@golinharris.com |
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