Her Excellency Ms. Kholoud Saqqaf former Minister of Investment in hashtag#Jordan from October 2022 to September 2024, has made significant contributions to both the banking sector and the political landscape. With over two decades of experience, she is a pioneering figure for women in finance and governance.
Early Career in Banking
Ms. Saqqaf began her career at the Jordan Phosphate Mines Company in the Research & Development Department (1991-1995), developing essential analytical skills. In 1993, she joined the Central Bank of Jordan holding various positions, including Deputy Governor (2008-2012). She was the first Arab woman in such a high regulatory role, shaping Jordan’s financial landscape by emphasizing corporate governance.
Contributions to Corporate Governance
One of her key achievements was developing Corporate Governance guidelines for banks in Jordan. In 2004, she authored the Banksโ Directorsโ Handbook of Corporate Governance, a vital resource for financial institutions. Her initiatives strengthened the stability and integrity of Jordan’s banking sector and integrated Islamic banking principles into the financial ecosystem.
Broader Experience in Finance
Ms. Saqqaf also served as Director of the Research Department at the Insurance Commission of Jordan (2004-2006), gaining expertise in risk management. In 2012, she joined Arab Bank as Executive Vice President, initially as Country Manager for Jordan and Palestine and later in Group Risk Management.
Leadership of the Social Security Investment Fund
From October 2018 to October 2022, Ms. Saqqaf led the Social Security Investment Fund, SSIF transforming it into a model for regional investment strategies. As Vice-Chairperson of the SSIF Board, she aligned the fund’s objectives with national economic goals.
Vision and Initiatives as Minister
During her tenure, Ms. Saqqaf introduced several initiatives aimed at improving investment infrastructure and policy frameworks. She emphasized the importance of creating a business-friendly environment and fostering partnerships between the public and private sectors. Additionally, she championed the role of technology in enhancing investment opportunities, particularly in sectors like renewable energy and digital transformation.
H.E. Ms. Kholoud M. Saqqafโs journey from a successful banker to a prominent political figure illustrates her dedication to public service and her commitment to advancing Jordan’s economic landscape. With her groundbreaking achievements in the banking sector and her role as Minister of Investment, Ms. Saqqaf not only serves as an inspiration for women in finance and governance but also plays a crucial role in shaping the future of Jordan’s economy. Her leadership is a testament to the power of perseverance and the impact of visionary governance.
