Saudi Jordanian Investment Company invests in Alyoum Bakery to drive growth, regional expansion

JORDAN – The Saudi Jordanian Investment Company (SJIC) and Alyoum Bakery, a pioneering industrial-scale baked goods producer in Jordan, have announced the signing of an agreement for SJIC to invest indirectly in Alyoum Bakery.

According to a statement from The Jordan Times, the transaction, which involves Alyoum Bakery issuing new shares, is aimed at strengthening the company’s capacity to implement its long-term growth strategy.

This strategy includes expanding its operations by introducing new product categories throughout Jordan and its neighboring markets.

The completion of this deal is contingent upon fulfilling certain conditions outlined in the agreement and obtaining the necessary regulatory approvals.

This investment aligns with SJIC’s broader strategy of exploring new opportunities in Jordan that foster long-term economic partnerships and achieve sustainable returns.

“We are delighted to mark this milestone cooperation with such a well-established firm. We look forward to collaborating with Alyoum Bakery and contributing to its growth. This transaction is part of SJIC’s focus on key promising sectors that are essential for economic development. The partnerships SJIC is establishing with leading Jordanian companies are crucial for future success,” said Muteb Shathri, the acting CEO of SJIC.

Founded in 2018, Alyoum Bakery, the largest commercial bakery in Jordan, specializes in a wide variety of fresh bakery products. It is a prominent Jordanian company with one of the most extensive and advanced distribution networks in the local market, allowing for comprehensive coverage and access across multiple sales channels.

The company operates a production unit capable of processing 300 tons of flour daily, featuring seven production lines and supporting packaging units.

“Today marks a significant milestone for Alyoum Bakery and the beginning of a new chapter in our journey. We are very excited about SJIC’s investment in our company, which demonstrates a commitment that will enable us to implement the key elements of our organic growth strategy. This strategy focuses on enhancing production efficiency and product availability while expanding our distribution network both within Jordan and into neighboring markets,” said Mahmoud Khalil, co-founder of Alyoum Bakery.

The Saudi Jordanian Investment Fund Company (SJIC) is a partnership between Saudi Arabia and Jordan that invests in infrastructure and other promising sectors in Jordan.

It is a limited public shareholding company registered under Jordan’s Investment Fund Law number 16 of 2016. The company aims to achieve economic returns that align with Saudi Arabia’s Vision 2030, while also creating a significant developmental impact in Jordan.

SJIC was established in 2017 following a legislative and institutional process between Saudi Arabia and Jordan.

The main shareholder is the Public Investment Fund of Saudi Arabia, which holds 90% of the company’s share capital, while the remaining 10% is held by 16 Jordanian conventional and Islamic banks.

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