Amman, Jordan (August 2008) – On the occasion of the finalization of the privatization of the Electricity Distribution Company (EDCO) and 55.4% of Irbid District Electricity Company (IDECO), Kingdom Electricity Company (KEC) who acquired the government's shares in both institutions, organized a prominent lunch at the HMK Hussein's Club in the presence of highly prominent figures in the government and private sectors, as well as key personnel in the Jordanian electricity sector.

H.E. Samir Al-Rifai, KEC's Chairman, warmly welcomed the guests on behalf of KEC's board members and employees stating: "Our pride in Jordan Dubai Energy & Infrastructure stems from our achievement in gaining the Jordanian government's confidence for the second time, through the alliance we led in partnership with the Kuwaiti Privatization Holding Company and United Arab Investors under the umbrella of KEC. We are here today to emphasize on our commitment towards the duty we are here to accomplish and to the responsibility borne upon us towards our country and its advancement."

His Excellency's speech focused on KEC's success that has been the impact of HMK Abdullah II and the government's vision and directions in paving a broader path through privatization and the private sector's skills and expertise in diverse domains.

Elaborating on the energy sector, Al Rifai commented:" Our diligent interest lies within the energy sector due to its coherence with Jordan Dubai Capital's strategy in supporting Jordan's economic development and evolution. We genuinely believe in the private sector's role not only in developing the economic status but also in acting as a basic and solid backbone in building a secure market armed with all the relevant accessories."

Kingdom Electricity Company was established by a consortium led by JDE&I (JD Capital's investment arm for energy and infrastructure) in partnership with Privatization Holding Company (PHC, Kuwait) and United Arab Investors.