Saudi Jordanian Investment Fund holds its Annual General Assembly Meeting

Saudi Jordanian Investment Fund holds its Annual General Assembly Meeting

The Saudi Jordanian Investment Fund (SJIF) held its fifth Annual General Assembly meeting on Thursday April 21, 2021, via teleconference, in compliance with the Defense Law No. (13) of 1992, Defense Order No. (5) of 2020, and the instructions issued by the Minister of Industry, Trade, and Supply on April 9, 2020.

The meeting was chaired by Mr. Hisham Attar, the Chairman of SJIF, and attended by all of the company’s shareholders, its Board of Directors, and senior management, as well as the Companies General Controller, Dr. Wael Armouti, and the company’s external auditors, KPMG.

At the meeting, shareholders were briefed on progress of SJIF's investment projects and plans for 2022.

In his remarks during the meeting, Attar reaffirmed the company’s commitment to supporting Jordan’s economic growth through long-term investment projects in strategic sectors that hold sustainable economic and developmental impact, stressing that this commitment reflects the visions of the leaderships of both countries, and the Saudi Vision 2030, as well as Public Investment Fund (PIF) strategy which aims to enhance bilateral economic cooperation.

He pointed out to SJIF's investment mid last year in OpenSooq, a leading mobile classifieds marketplace in the region, as the investment aimed at supporting OpenSooq’s plans for expansion in