Finance:Saudi Jordanian Investment Fund

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Short description: Partnership between Saudi Arabia and Jordan


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]

References

  1. ↑ "Jordan News Agency (Petra)". http://petra.gov.jo/Include/InnerPage.jsp?ID=1845&lang=en&name=en_news. 
  2. ↑ "Saudi Arabia, Jordan to invest $705m in Aqaba railway project" (in en). https://www.arabianbusiness.com/transport/413021-saudi-arabia-jordan-to-invest-705m-in-aqaba-railway-project. 
  3. ↑ "Saudi wealth fund targets real estate energy projects in Jordan". 28 March 2017. https://www.bloomberg.com/news/articles/2017-03-28/saudi-wealth-fund-targets-real-estate-energy-projects-in-jordan. 
  4. ↑ "SJIF to invest in development projects worth billions of Dollars" (in en). http://petra.gov.jo/Include/InnerPage.jsp?ID=13827&lang=en&name=en_news. 
  5. ↑ "Saudi Jordanian Investment Fund showcases achievements and future plans" (in en). https://www.zawya.com/mena/en/press-releases/story/Saudi_Jordanian_Investment_Fund_showcases_achievements_and_future_plans-ZAWYA20190423125834/. 
  6. ↑ "Saudi Jordanian investment fund reviews achievements plans" (in en). 24 April 2019. http://jordantimes.com/news/local/saudi-jordanian-investment-fund-reviews-achievements-plans. 
  7. ↑ "Saudi Jordanian Investment Fund (SJIF) Overview - infrapppworld" (in en). 13 February 2019. https://www.infrapppworld.com/company/saudi-jordanian-investment-fund-sjif. 

External links



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