Amman, August 2023: Jordan Capital & Investment Fund (JCIF) has announced that it has finalized details in relation to a significant minority investment in Aqaba Digital Hub (ADH), a flagship project poised to tap into the growing demand for modern digital transformation in Jordan. The project encompasses the largest carrier-neutral 6MW data centers in Jordan and stands as one of the MENA region’s largest. Its array of services covers a range of offerings, including an open-access submarine...

AMMAN — Jordan Capital and Investment Fund (JCIF), founded in 2021 as the largest Jordanian investment fund with a total capital of JD275 million, has completed its establishment phase, the bank said in a press statement. It said the process included finalizing investment policies and strategies, onboarding the investment committee, and appointing a CEO and a specialized executive team, “thereby officially announcing the commencement of its operations and investment phase, with investments in...

The Jordan Capital and Investment Fund Management Company recently held its general assembly, according to a statement from the bank. Members of the company’s board of directors include the Arab Bank, Housing Bank, Jordan Islamic Bank, Arab Jordan Investment Bank, Jordan Ahli Bank, and Jordan Kuwait Bank, in addition to the former minister of digital economy and entrepreneurship, Marwan Juma, as an individual member, according to the statement. During a subsequent board meeting, chairman of the...