Amman, April 26 (Petra) -- The Comprehensive Multiple Transportation Company said total capital investment, including subsidiaries, stood at approximately JD17 million at the end of 2025, incorporating goodwill arising from acquisitions, with a net value estimated at JD10.5 million.

According to a statement issued Sunday, the company highlighted that it maintained stable operational and financial performance in 2025, with operating revenues, cost structures, and administrative expenditures broadly in line with the previous year, despite recording accumulated losses of JD5 million, equivalent to 34 percent of its JD15 million capital.

The remarks were made during the company’s ordinary general assembly meeting, attended by Chairperson of the Board Salah Louzi, board members, the general manager, and a representative of the Companies Controller.

The company, which operates as a holding company and serves as the state’s executive and investment arm in the public transport sector. A total of 73.8 percent of its shares are held by the Ministry of Finance through the Government Investments Department, 10 percent by the Greater Amman Municipality, and 17 percent by individual and institutional investors.

The company’s portfolio comprises three wholly owned subsidiaries operating in the transport sector, al-Thilal, Asia, and al-Tawfiq, alongside an 80 percent stake in the Integrated Smart Cards Company and a 49 percent shareholding in the Jordanian-Turkish Company.

On government support, the company received JD1 million in funding from the Ministry of Finance for 2025, of which JD825,000 was disbursed during the year, with the remaining balance scheduled for 2026.

Louzi said 2025 saw continued challenging regional economic conditions, albeit with relative improvement compared with previous years. He noted that the company succeeded in sustaining its operational performance, supporting its financial results despite prevailing pressures.

He added that, in coordination with the Ministry of Transport, the company participated in managing and supervising the first phase of the inter-governorate public transport network restructuring project, implemented by the Land Transport Regulatory Commission. The phase covered Karak, Irbid, Salt, and Jerash.

This participation contributed to generating additional revenue streams while supporting efforts to improve service quality and optimize route networks linking the capital with governorate centers, he said.

Looking ahead, Louzi noted that the company plans to enhance passenger transport services in 2026 by extending bus operation contracts on routes under the Commission’s jurisdiction and participating in the second phase of the network restructuring project.

He added that the company is seeking new annual subsidies to offset fuel price differentials and direct operating costs, alongside proposals to revise the subsidy mechanism to link support to the number of kilometers operated by buses.

Louzi said such measures would enable the company and its subsidiaries to sustain service provision in Amman and across governorate routes more efficiently, while continuing efforts to rationalize operational, administrative, and financial expenditures.

//Petra// AJ

26/04/2026 14:57:51