Saudi Jordanian Investment Fund Explained

The Saudi Jordanian Investment Fund Company (SJIF) is a partnership between Saudi Arabia and Jordan, which invests in infrastructure and other promising sectors in Jordan. The company is a (Limited Public Shareholding Company) registered per the Jordan Investment Fund Law number 16 for 2016. It aims to realize economic returns, aligning with Saudi Arabia's Vision 2030, and create a clear developmental impact in Jordan. The company was formed in 2017 following a legislative and institutional process between Saudi Arabia and Jordan. The main shareholder of the company is the Public Investment Fund of Saudi Arabia, which owns 90% of the company's share capital. The remaining 10% of the share capital is held by 16 Jordanian conventional and Islamic banks.[1] [2] [3] [4] [5] [6] [7]

Notes and References

  1. Web site: Jordan News Agency (Petra). petra.gov.jo. 2019-04-16.
  2. Web site: Saudi Arabia, Jordan to invest $705m in Aqaba railway project. ArabianBusiness.com. en. 2019-04-19.
  3. News: Saudi wealth fund targets real estate energy projects in Jordan. 28 March 2017. bloomberg.com.
  4. Web site: SJIF to invest in development projects worth billions of Dollars. petra.gov.jo. en. 2019-12-01.
  5. Web site: Saudi Jordanian Investment Fund showcases achievements and future plans. zawya.com. en. 2019-12-01.
  6. Web site: Saudi Jordanian investment fund reviews achievements plans. 24 April 2019. jordantimes.com. en. 2019-12-01.
  7. Web site: Saudi Jordanian Investment Fund (SJIF) Overview - infrapppworld . 13 February 2019. infrapppworld.com . en. 2019-12-01.

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