Amman, Oct. 6 (Petra) – The Jordan Capital and Investment Fund (JCIF) announced on Monday the completion of its acquisition of a 27 percent stake in the National Health Insurance Management Company Limited (NatHealth), as part of its strategic investments to drive growth, create job opportunities, and enhance Jordan’s economic potential.
The JCIF Chairperson Hani Qadi underlined the fund’s commitment to supporting distinguished Jordanian entrepreneurs and companies. He noted that the investment in NatHealth reflects strong growth potential, enhances locally owned advanced technology, and provides the company with resources to expand its operations in Jordan and the region.
Karim Kawar, Chairperson of NatHealth’s Board of Directors, described the partnership as strategic, emphasizing that it will accelerate the deployment of artificial intelligence models designed to detect anomalies and fraudulent claims, safeguarding clients’ financial interests.
NatHealth CEO Ahmad Tijani highlighted that the company has focused on developing technological solutions and expanding its subscriber base through a customer-centric approach. He said the introduction of AI-based analytics will offer predictive insights into healthcare utilization and cost concentrations, while the company’s transition to a fully paperless model enhances operational efficiency and profitability.
Faris Sharaf, CEO of the JCIF, noted that NatHealth’s business model has proven scalable, with successful market entries in Palestine and Iraq through strategic partnerships. He expressed confidence that the company will continue expanding into new markets while maintaining its main operations center in Jordan.
As the largest licensed private sector investment fund in Jordan, with a capital commitment of JD 275 million (USD 388 million), the JCIF invests in promising companies with potential for growth, development, and expansion. To date, the fund has invested approximately JD 111 million (USD 157 million) across sectors including food and agriculture, information technology, education, and manufacturing. This latest investment underscores the JCIF’s commitment to fostering employment, encouraging innovation, and supporting long-term economic growth in the Kingdom.
//Petra// AJ
