Saudi Jordanian Investment Fund approves increase in company’s capital

Saudi Jordanian Investment Fund approves increase in company’s capital

AMMAN “” The Saudi Jordanian Investment Fund (SJIF) held its extraordinary general meeting on Thursday via teleconference, in accordance with defence orders and the instructions issued by the Minister of Industry, Trade and Supply.

The meeting was chaired by SJIF Chairman Hisham Attar and attended by the company's shareholders, board of directors and senior management, as well as the Companies General Controller, and its external auditors, Ernst & Young, according to a  SJIF statement. 

The meeting approved the increase of the company's authorised capital to JD100 million. 

The Saudi Jordanian Investment Fund was formed in 2017, with an initial capital of JD7,100,000.

Speaking at the meeting, Attar stated that the increase in SJIF's capital comes in response to the progress in identifying suitable investment projects, particularly in the healthcare and information technology sectors, and