Jordan capital investment fund holds general assembly

Prime Minister Bisher Al- Khasawneh speaks during the virtual launching ceremony of the Jordan Capital and Investment Fund by Jordanian banks on Tuesday (Photo: Petra )
The Jordan Capital and Investment Fund Management Company recently held its general assembly, according to a statement from the bank.

Members of the company’s board of directors include the Arab Bank, Housing Bank, Jordan Islamic Bank, Arab Jordan Investment Bank, Jordan Ahli Bank, and Jordan Kuwait Bank, in addition to the former minister of digital economy and entrepreneurship, Marwan Juma, as an individual member, according to the statement.اضافة اعلان

During a subsequent board meeting, chairman of the Association of Banks in Jordan, Hani Al-Qadi, was elected as the chairman of the board of directors.

The fund is fully-owned by local banks and is the largest investment fund owned by the private sector in Jordan. The company is the largest in the Kingdom’s history in terms of capital, which amounts to JD275,000,000.

The fund aims to invest in promising Jordanian companies that have opportunities for growth, development, and expansion, by injecting new funds and investments into these companies to contribute to promoting economic growth in Jordan and increasing job opportunities.

The fund works with promising companies and economic sectors to enable companies in such sectors to make an effective economic contribution and achieve high returns.

According to the press release, Qadi confirmed that the fund will adopt clear guidelines in selecting investments, noting that the fund will be supportive of sectors with relative weight in the national economy.

Under the patronage of Prime Minister Bisher Al-Khasawneh, and in the presence of the Governor of the Central Bank of Jordan Ziad Fariz, banks in Jordan announced the launch of the Jordan Capital and Investment Fund during a ceremony that took place at the end of Last March, with the participation of the chairman of the boards of directors and executive directors of the joint-stock banks, the statement read.

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