Backed by a strong shareholder base including Dubai International Capital and the Jordan Social Security Investment Unit, Jordan Dubai Capital (JD Capital) was founded at the end of 2005 to partake in unleashing Jordan’s full economic potential by targeting opportunities in key sectors whilst also leveraging public-private partnerships that generate superior risk adjusted returns for its shareholders. JD Capital has successfully become the leading investment vehicle in Jordan, managing a balance sheet size in excess of USD 1.5 billion.
Since our inception, JD Capital has sought after empowering the local economy on a regional level and maximizing our shareholders' value through tapping into a number of sectors that show strong growth prospects. We set out to introduce a new view on investment; one that emphasizes on positive returns - following JD Capital’s principles of integrity, excellence, and innovation – and one which explores all possible opportunities.
The year 2006 sparked the adoption of our successful investment strategy, which targets specific sectors whilst also looking at other investments outside the core of our target sectors. This strategy guarantees the optimal deal sourcing and resource allocation that comes with periodic sector focus, whilst also maintaining the flexibility that enables us to implement a diverse approach that allows for successful investments.
In 2007 we were able to take this a step further through applying best business practices, combining our unique skill set, vast knowledge and resources to the benefit of our board, investors and clients; we were able to transform a pipeline of projects into a world class portfolio of assets. We led acquisitions and developments alongside international partners from Malaysia, Greece, Kuwait, UAE, Japan and Turkey, highlighting that JD Capital has become the partner of choice for global and regional investors wishing to partake in our exceptional success story.
2008 was another thriving year for us, particularly in light of the economic and financial insecurity that faced the world at large; JD Capital was able to forge ahead with its strategy of investments in the infrastructure, banking and tourism sectors and achieve impressive profits.
We continued with this impressive pace in 2009 where we made several laudable accomplishments that included the commencement of the operations of the Jordan Dubai Islamic Bank (formerly Industrial Development Bank), which now offers the Jordanian market Shariah-compliant banking services. We also begun phase one of the Munya Tourism Project in Dibbeen, which is considered the first eco-friendly tourism project of its kind in the north of the Kingdom, and acquired a 57% stake in Ahyaa Amman, a real estate development company that is implementing one of the first urban regeneration projects of its kind in the Kingdom. In addition, JD Energy & Infrastructure entered into a new partnership with the Kazakhstani company Kazyna Capital Management (KCM), the private equity arm of the state holding Samruk-Kazyna, via the signing of a memorandum of understanding that opened new doors of cooperation between the two infrastructure and investment companies.
Today, JD Capital is a lucrative investment vehicle that will continue to innovate and surpass expectations through maintaining a distinctive edge and interacting with the local community to ensure solid contributions towards making a positive difference.