Ammon News - AMMONNEWS - Abdul Salam Al Hasanat, major general of the Economic Social Association of Retired Servicemen and Veterans (ESARSV), announced on Wednesday a new strategy to transform the ESARSV into a holding firm. Hasanat indicated that, under the strategy, the ESARSV will be wholly owned by its founding shareholders of retired military personnel whose shares will be determined according to the number of their saleable stocks in the company.

He said the new strategy will apply to other companies established by the ESARSV, including security and protection companies, a bottled water company and another poultry firm. Hasanat added that the aim of the new move is to increase the firm’s revenues for the benefit for shareholders.

He explained that the company’s long reliance on limited financial sources coupled with an increasing number of retirees was the direct reason behind the plan. “The company will be managed by a private sector concept, focusing on increasing gains for owners,” he said.