Minister .Ms Kholoud M. Saqqaf

H.E  Kholoud M. Saqqaf

Appointment period: 27/10/2022 - Present

Ms. Saqqaf holds a Master's degree in Economics and has more than 25 years’ experience of banking, finance and financial regulation. Currently, she serves as the Minister of Investment.

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.

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. In 2012, she joined Arab Bank as Executive Vice President, Country Manager of Jordan & Palestine then she was appointed as Executive Vice President, Group Risk Management in Nov. 2013 until October 2018. Between 2018 - 2022 she served as Chief Executive Officer/ Vice Chairman of the Board of Social Security Investment Fund (SSIF).

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, SSIF Investment Board (Vice Chairperson), Royal Jordanian Airlines Company, the Center for Strategic Studies 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). Currently, Ms. Saqqaf sits on the board of the World Union of Arab Bankers, in addition to serving as the Chairperson of the Arab Women Empowerment Commission emanating from the World Union of Arab Bankers.