JMMB News
Want to read up on the latest news and updates from JMMB? Read through our news page to get all the latest information.
Eppley Limited Raises J$500M in Preference Share Offer
During its most recent offer of new fixed-rate, cumulative redeemable preference shares, Eppley Limited raised J$500 million from 83.3 million preference shares, having exercised its right to upsize its initial offer, as outlined in its prospectus. JMMB Securities Limited acted as lead broker for this transaction.
JMMB Group Records Over J$2B in Net Profit
The regional financial entity, JMMB Group, closed out the six-month period, ended September 2018, with a net profit of J$2.1 billion, which reflect a 24% growth year-over-year. Additionally, the Group posted net operating revenue of J$9.3 billion, which reflects an increase of 15%, compared to the corresponding prior period.
JMMB Helps Clients to Mould Their Financial Future
The JMMB Haughton Terrace team helped over thirty clients and prospective clients, to mould their financial future, during one of the company’s dynamic lifestyle events dubbed, Sculpt & Sip, held at the company’s New Kingston-based head office on November 13.
JMMB Group and PROVEN REIT Partner to acquire Class A Commercial Property in Greater Portmore
Real estate investment is not a recent phenomenon; and current activities across the island present tremendous opportunities, with a positive outlook for this sector. As evidence of this, the data from the Statistical Institute of Jamaica (STATIN), indicates that there has been growth of approximately 22% in the contribution of the Real Estate, Renting & Business Activities sub-sector to Jamaica’s gross domestic product (GDP), over the last five fiscal years.