The Chairman of the Board of Directors of the Capital and Investment Fund Management Company, Mr. Hani Al-Qadi, announced Sharif Faris Sharaf CEO of the company as of Tuesday, February 1, 2022.

Al-Qadi affirmed that Sharif Sharaf has great experience in the field of investment, banking and finance noting that this experience will have a positive impact on the management of the fund.

He pointed out that the fund is proceeding within an investment track built on clear scientific foundations that achieve its objectives and promote economic growth in addition to increasing job opportunities provided by working with companies and promising economic sectors of competitive advantages enabling such companies to effectively contribute to the economy and achieve high return rates.

For his part, Sharif Sharaf affirmed his pride in taking over the position stressing that the work will be within the highest investment standards to ensure access to a fair investment and benefit the fund.

He pointed out that the fund will balance its investment interest in a way that ensures appropriate return and pumping liquidity which will positively reflect on the national economy.

Sharif Sharaf had assumed the position of Governor of the Central Bank of Jordan in which he effectively managed monetary affairs in a period of as severe external economic shocks ensuing the regional turmoil of the “Arab Spring”.

He worked during his short tenure to enhance the private sector’s productivity and competitiveness in addition to introducing a number of innovative policy initiatives to facilitate the industrial sector and SMEs access to finance.

He served as Chairman and CEO of the Social Security Investment Fund where he managed a 7 billion Dinars portfolio covering wide and diversified investments in the fields of energy, tourism, banking, telecommunications, manufacturing, and real estate.

Finally, he assumed the position of economic advisor to the Emir of the State of Qatar and is also in charge of managing the Economic Office of the Amiri Diwan in Doha.

Fares has more than 24 years of experience at senior levels in both the public and private sectors, in addition to 8 years in the public service working in various top-notch positions in private equity, investment banking and capital markets.

It is noteworthy that the fund comes as the largest investment fund established by the private sector and it has the largest capital throughout the Kingdom history which amounts to 275 million Dinars totally owned by Jordanian banks.

It aims to invest in promising Jordanian companies that have growth, development and expansion opportunities by injecting new funds and investments into these companies.

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