Surprisingly, but expectedly, the Jordan Masaken Company for Land Development and Industrial Projects “Masaken Capital”, owned by businessman Hassan Ismaik, abandoned a number of its subsidiaries without explaining the reasons for that, according to what was published by news websites.
The companies decided to be liquidated according to the documents are Soho Trading Company, High-end Housing Investment Company, Balama Residences Company for Real Estate Development, and Oman Residences Real Estate Development Company. .
The site added that The decision to liquidate the four companies came according to a meeting of the extraordinary general assembly of the parent company, which was held regarding a week ago. It also included reducing the company’s capital and amortizing its losses to become (8.4) million dinars only following it occupied large numbers of capital, but because of the accumulated losses and the failure of most of its projects Unfortunately, the company has become in a situation where it needs bold decisions from the owner Hassan your name Who owns a very large percentage of the company and manages it from abroad, and the most important question remains following the decisions to reduce the company’s large capital, extinguish the accumulated million losses, and liquidate four subsidiaries, what is the next decision and what is the step that Hasan Ismaik is considering.
