Corporate Profile - The Saudi Jordanian Investment Fund
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Corporate Profile
Company Overview
Shareholder Structure
The Saudi Jordanian Investment Fund (Limited Public Shareholding Company) (“SJIF”) was formed in 2017 by the Public Investment
Fund of Saudi Arabia (“PIF”) and 16 Jordanian commercial and Islamic banks, specializing in investing in Jordan’s infrastructure and 1.6% Jordanian Islamic Banks
high growth sectors.
8.4% Jordanian Commercial
Based in Amman, Jordan, SJIF is registered per the Jordan Investment Fund Law number (16) for 2016 (“JIF Law”). Banks
SJIF seeks to become a premier investment company in Jordan pursuing strategic and commercially viable opportunities in Jordan’s
vital and promising Industries.
Public Investment Fund
Through a dynamic approach, SJIF aims to achieve solid returns for its investors through projects that foster vibrant economic 90.0%
of Saudi Arabia
activity and sustainable socio-economic impact.
SJIF’s mandate is to deploy its $3 billion of committed capital in a range of diverse projects in line with the strategic direction of the PIF.
SJIF Milestones
April 2016 August 2016 March 2017 August 2017 December 2017 April 2018 2018 & 2019 2020 Onward
Establishment of MOU for Investment Registration of Saudi Company Investment Strategy Investment Building SJIF Capital Deployment
Jordanian Saudi Promotion Jordanian Incorporation Approved Professionals Started foundation blocks and Project
Cooperation Investment Fund Completion and Joining the Team and investment Execution
Council (JSCC) CEO Hiring pipeline
Confidential / For Discussion 2
Investment Strategy
Investment Goals Investment Principles
SJIF seeks to be the premier investment company in Jordan, applying a rigorous investment Ticket sizes depend on investment track and range from $20m (existing companies)
process to build a diversified portfolio of predominantly infrastructure and greenfield projects. to $500m (infrastructure).
SJIF seeks to invest according to the following criteria: Stakes in existing companies ranging from a significant minority to a small majority.
Commercial Developmental Alignment with
Active involvement in all investments to support strategy and ensure robust
viability impact PIF strategy
oversight.
Seeking partnerships (operational and financial) to support investments, operations,
and to manage risk.
Our Corporate Values
Commitment Integrity Sustainability
SJIF is committed to the long-term prosperity of Jordan, which is Upholding professional conduct and the highest ethical standards SJIF was established with a vision of fueling continuous
reflected in the company’s strategy and patient, long-term are cornerstones in SJIF’s activities and are crucial guiding development and economic progress. Therefore, the company
investment approach, as well as in its relations with its partners, principles in its investment approach. works to ensure the long-term sustainability of all its projects and
employees, services providers, and the communities in which it activities.
operates.
Confidential / For Discussion 3
Investment Strategy
Investment Tracks
Growth Capital
PPP Infrastructure Projects Supporting the growth and expansion of promising
Pursuing viable, strategic infrastructure projects, and successful businesses in sectors such as agri-
executed on a PPP basis, that help enhance the business, food processing, energy, and
efficiency, productivity, and competitiveness of the pharmaceuticals by providing them with necessary
Jordanian economy equity funding and strategy support
Investment
Approach
Strategic Sectors
Leading, or actively participating in, private sector led
opportunities in key economic sectors (primarily
healthcare and tourism) to elevate capacities and
stimulate economic growth
Confidential / For Discussion 4
Jordan Investment Fund Law Number 16 for 2016
The Jordan Investment Fund (“Fund”), a wholly-owned government
entity chaired by the Prime Minister, was established per the JIF Law Jordan Investment Fund Rights and Priority Projects
which provides for the Fund’s ownership of the concession rights for The Fund shall have the rights to own, invest, develop, manage and operate the following infrastructure
developing the projects listed in the JIF Law. projects stipulated in the Law in partnership with the private sector under a PPP framework:
National railway Infrastructure Electrical
network project development project for interconnection project
Following the identification of priority infrastructure projects by the the city of Custodian of with Saudi Arabia
Jordanian Government, the JIF Law was enacted to expedite the the two Holly Mosques
execution of such complex projects whilst reducing execution risk.
Recreational city project Crude oil and petroleum Any other major
Concession rights would be granted to investors for a specific period (to in the Al Matal site in products transportation infrastructure or
be agreed upon with the Fund on Public Private Partnership Model). Aqaba to Jordanian refineries development projects
After expiry of such period, all projects’ assets would be transferred to and consumption sites approved by the Council
the Fund at no additional fee. of Ministers
The Fund has the right to partner with SJIF or its subsidiaries and to authorize it to own, manage and operate
any of the development and investment rights covered by the provisions of the JIF Law and to the extent it
deems appropriate in accordance with the provisions of the JIF Law.
Confidential / For Discussion 5
Board of Directors (BOD)
Hisham Attar Mohammad AlBalaihed
Chairman Vice Chairman
• Senior Director at PIF. • Vice President at PIF.
• Previously Principal at Amwal Al Khaleej. • Previously with Sanabel Investment, Saudi
• Board member of Zain KSA, TAQA, Industrial Development Fund, and
Dussur, and Arab Bank. Deutsche Bank.
• Holds a bachelor’s degree in Business • Board member of Saudi Investment
Economics from Brown University. Recycling Company, Eastern Province
Cement, Saudi Electricity Co, and Virgin
Mobile.
• Holds a bachelor’s degree in Finance from
Prince Sultan University.
Fahad Alnuhait Omar Alwir Walid Al Samhouri
Director Director Director
• Director of Corporate Finance and Industrial • CEO of Saudi Jordanian Investment Fund. • Senior Vice President at Arab Bank
Investment Attraction at NEOM Industrial • Previously CEO of AB Invest and Capital heading the area of Jordan and covering
City. Investments. other areas such as the Gulf and Egypt.
• Previously director of investments at Dussur, • Held roles at the Royal Hashemite Court • Previously, a Senior Vice President
and chief investment officer for a MENA- and the Ministry of Planning and covering North Africa and Lebanon.
region sovereign investment firm. International Cooperation. • Holds a bachelor’s degree in Economics,
• holds a Master's degree in Finance from • Holds a bachelor’s degree in economics Statistics & Public Administration from
Newcastle University in the UK, and a with history and psychology minor from University of Jordan, and a master’s degree
Bachelor's degree in Business Administration the University of Pennsylvania. in Economics from University of Jordan.
from King Saud University.
Confidential / For Discussion 6
BOD Committees
Executive Committee
Hisham Attar Omar Alwir Walid Al Samhouri
Chairman Member Member
• Senior Director at PIF and Chairman of SJIF. • Previously CEO of AB Invest and Capital • Senior Vice President at Arab Bank heading
• Previously Principal at Amwal Al Khaleej. Investments. the area of Jordan and covering other areas
• Board member of Zain KSA, TAQA, Dussur, • Held roles at the Royal Hashemite Court and such as the Gulf and Egypt.
and Arab Bank. Jordan’s Ministry of Planning and International • Previously, a Senior Vice President covering
• Holds a bachelor’s degree in Business Cooperation. North Africa and Lebanon.
Economics from Brown University. • Holds a bachelor’s degree in economics with • Holds a bachelor’s degree in Economics,
history and psychology minor from the Statistics & Public Administration from
University of Pennsylvania. University of Jordan, and a master’s degree
in Economics from University of Jordan.
Confidential / For Discussion 7
BOD Committees
Audit Committee
Mohammed AlBalaihed George Nahhas
Turki Al Luhaid
Chairman Member
Member
• Vice President at PIF and Vice Chairman of SJIF. • Executive Director of the Investment and Financial • A Saudi Certified Public Accountant, SOCPA, and a
• Previously with Sanabel Investment, Saudi Industrial Advisory Department at the Housing Bank for Trade CPA.
Development Fund, and Deutsche Bank. and Finance. • Previously, a partner at Ernst & Young in Riyadh, Saudi
• Board member of Saudi Investment Recycling • Previously, he was a financial analyst at the Arab Arabia, and at Ernst & Young in Switzerland.
Company, Eastern Province Cement, Saudi Electricity Advisors Group of the Arab Jordan Investment Bank, • Enjoys a wide range of experiences in various sectors,
Co, and Virgin Mobile. and a corporate finance consultant at PKF. such as banking, capital markets, IT, oil and gas,
• Holds a bachelor’s degree in Finance from Prince • Holds a master’s degree in Business Administration healthcare, contracting and construction, and real
Sultan University. from the University of Technology Sydney, and a estate.
bachelor's degree in Engineering - Project Management • Chairman of the audit committee of the Company for
from the Hashemite University in Jordan. He is a Cooperative Insurance in Saudi Arabia.
Certified Valuation Analyst.
Nomination and Remuneration Committee
Hisham Attar Fahad Alnuhait Walid Al Samhouri
Chairman Member Member
• Senior Director at PIF and Chairman of SJIF. • Director of Corporate Finance and Industrial Investment • Senior Vice President at Arab Bank heading the area of
• Previously Principal at Amwal Al Khaleej. Attraction at NEOM Industrial City. Jordan and covering other areas such as the Gulf and Egypt.
• Board member of Zain KSA, TAQA, Dussur, • Previously director of investments at Dussur, and chief • Previously, a Senior Vice President covering North Africa
and Arab Bank. investment officer for a MENA-region sovereign and Lebanon.
• Holds a bachelor’s degree in Business investment firm. • Holds a bachelor’s degree in Economics, Statistics & Public
Economics from Brown University. • holds a Master's degree in Finance from Newcastle Administration from University of Jordan, and a master’s
University in the UK, and a Bachelor's degree in Business degree in Economics from University of Jordan.
Administration from King Saud University.
Confidential / For Discussion 8
Management Team
Omar Alwir Nidal Abu Maizer Ahmad Alawamleh
CEO CFO General Counsel & Board Secretary
• Previously CEO of AB Invest and Capital • Previously worked with Bupa Arabia, Edgo, • Previously worked at Abu Dhabi Islamic
Investments. Global Investment House, and Atlas Bank and Al Tamimi & Co.
• Held roles at the Royal Hashemite Court and Investment Group (now AB Invest). • Holds a bachelor’s degree in law from
Jordan’s Ministry of Planning and International • Held directorship roles in a number of University of Jordan and master’s degree in
Cooperation. publicly listed and private companies. banking and finance law from the
• Holds a bachelor’s degree in economics with • Holds a bachelor’s and a master’s degree in University of London.
history and psychology minor from the finance from Bentley University and an • Admitted to the Jordanian bar in 2009.
University of Pennsylvania. EMBA from INSEAD.
• He is a CFA charterholder.
Omar Obeidat Abdullah Aljundi Zaid Dalabeeh
Communications Manager Senior Investment Professional Senior Investment Professional
• Previously, he worked as manager of local • Previously a member of the MENA Transaction • Previously a member of the MENA
media and programs department at the Royal Advisory Services and Assurance teams at EY. Transaction Advisory Services team at EY
Hashemite Court. • Holds a bachelor’s degree in finance from and started his career at Eagle Hills.
• Holds a bachelor’s degree in translation from University of Jordan and is a CFA level III • Holds a bachelor’s degree in accounting
Al Mustansirya University in Iraq and a candidate. and finance from University of Exeter.
business diploma from Bridge Business
College in Sydney, Australia.
Ahmad Fariz
Senior Investment Professional
• Previously worked in corporate strategy, M&A and
risk management at Hikma Pharmaceuticals.
• Holds a bachelor’s degree from Bentley University
with a major in finance and minors in management
as well as an MBA from IE Business School in Spain.
Confidential / For Discussion 9
Saudi Jordanian Investment Fund
(Limited Public Shareholding Company)
Office 03, Third Floor
40 Rafiq Al Hariri Avenue, Abdali
P.O.Box 5337, Amman (11183), Jordan
Telephone: +962 6 510 4422
info@sjifund.com
www.sjifund.com
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