Jordan Capital and Investment Fund (JCIF) has announced the finalization of its acquisition of a 23.3% stake in Al Jazeera Agriculture; a fully integrated poultry processing company specializing in the production, processing, slaughter and distribution of fresh and frozen chicken products. This acquisition brings JCIF’s total investments to JOD 100 million across six Jordanian companies to date. Established in 2001, Al Jazeera provides a wide range of products, including hatching eggs, day-old...

Jo Academy, a pioneering Education Technology (EdTech) platform based in Jordan, has successfully closed a USD 28 million funding round led by a syndicate of Jordanian and Saudi Arabian private equity funds. The round was anchored by the Jordan Capital and Investment Fund (JCIF) and the Saudi-based Rua Growth Fund in Riyadh. Foursan Group also completed a follow-on investment in the company, having been an early investor in Jo Academy. Founded in 2014, Jo Academy has revolutionized Jordan’s...

Jordan Capital and Investment Fund (JCIF) announced that it has finalized a strategic investment to acquire an estimated 28% stake in Horizon for Plastic Products Company. The company manufactures an extensive range of rigid plastic container products with filling capacities from 0.1 liters up to 35 liters, in addition to custom-designed containers tailored to client specifications, supported by the company’s engineering team. Horizon was established in 2000 in the King Abdullah II Industrial...

The Jordan Capital and Investment Fund (JCIF) announced the signing of an investment agreement to acquire a minority stake in Sinokrot Poultry Farms (Sinokrot); one of the largest vertically integrated players in poultry farming and production in Jordan. The investment primarily aims to diversify Sinokrot’s operations by establishing a new feed additives manufacturing facility in Aqaba - in partnership with Jordan Phosphate Mines Company (JPMC) - while expanding existing operations. Founded in...

The Jordan Capital and Investment Fund (JCIF) announced that it has finalized a significant investment to acquire a substantial minority stake in Al-Shaikh Cheese; a specialty dairy farm and cheese manufacturer operating in Jordan, focusing on specialty cheeses typically used in Middle Eastern desserts.  Established in 2007 by Abdul Salam Arqawi and his sons Zakaria, Ibrahim and Saleh, Al-Shaikh owns a dairy farm located in the Halabat area, with approximately 25% of total sales exported to over...

Amman, August 2023: Jordan Capital and 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...