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JCIF elects board members

By JT | 00:37 September 9, 2021 |
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AMMAN — The general assembly of the Jordan Capital and Investment Fund (JCIF) on Wednesday held its first meeting and elected its board. The JCIF is the Kingdom’s largest private sector-owned investment fund, as well as the largest corporation in the history of the country, with a capital of JD275 million.

Owned by Jordanian banks, the board includes the Arab Bank, the Housing Bank, Jordan Islamic Bank, the Arab Jordan Investment Bank, Jordan Ahli Bank, Jordan Kuwait Bank, in addition to Marwan Juma as an independent member.

Hani Qadi was elected chairman of the Board of Directors, the Jordan News Agency, Petra, reported. The fund aims to invest in promising Jordanian companies by encouraging new investments.

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