H.E Ms. Kholoud Al-Saqqaf as Minister of Investment

A Royal Decree was issued on Thursday, approving a reshuffle of Prime Minister Bisher Khasawneh’s Cabinet.
H.E Ms. Kholoud Al-Saqqaf as Minister of Investment

Ms. Saqqaf holds a Master's degree in Economics and has more than 25 years’ experience of banking, finance and financial regulation.

Ms. Saqqaf began her career at the Jordan Phosphate Mines Company’s Research & Development Department for four years. She then moved to the Central Bank of Jordan where she held several positions during the periods 1993 – 2004, 2006 -2012 including Executive Manager of the Banking Supervision Department and Deputy Governor of the Central Bank of Jordan; thus, being the first Arab Woman to occupy such a regulatory position. Ms. Saqqaf has a strong background in Corporate Governance, Internal Control and Islamic Banking, she prepared Corporate Governance guidelines, including preparation of Banks’ Directors’ Handbook of Corporate Governance / 2004, as well as establishing Internal Control regulations addressed to banks operating in Jordan.

In addition to the above, Ms. Saqqaf gained quite good experience in the insurance industry as she served as the Director of the Research Department at the Insurance Commission of Jordan during the period 2004-2006. Ms. Saqqaf joined Arab Bank in 2012 as Executive Vice President, Country Manager of Jordan & Palestine then she was appointed as Executive Vice President, Group Risk Management in November 2013 until October 2018 when she served as Head of the Social Security Investment Fund (SSIF), until she was appointed Minister of Investment On October 27, 2022.

During her presidency of the Social Security Investment Fund (SSIF), Ms. Al-Saqqaf served as a member of SSIF Board as Vice-Chairperson, and as a board memberships of the Social Security Corporation, Royal Jordanian Airlines Company, the Center for Strategic Studies, the World Union of Arab Bankers, in addition to the Vice Chairperson position of the Arab Women Empowerment Commission emanating from the World Union of Arab Bankers.

Ms. Saqqaf served in different capacities on the Boards of the Central Bank of Jordan (Vice Chairperson), Jordan Mortgage Refinance Company (Chairperson), Social Security Corporation, Insurance Commission, Arab National Leasing Company and on the National Committee for Anti-Money Laundering and Counter Terrorist Financing. Moreover, she served as Vice Chairman on the board of the first Jordanian Credit Bureau Company CRIF- Jordan, Ethmar Islamic Microfinance Company, Business Development Centre. She also served as the President of the Board of the International Women's Forum – Jordan Chapter (2018-2021).


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