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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