Government Investment Management Company

What Government Investment Management Company does

Government Investment Management Company (GIMC) is a state-owned investment holding entity wholly owned by the Hashemite Kingdom of Jordan through the Ministry of Finance. Incorporated on 29 December 2015 under Cabinet Decision No. 13191 and restructured into a private shareholding company on 31 October 2019, GIMC serves as the sole mandated vehicle for managing government equity investments transferred from the Ministry of Finance. It holds stakes in 36 companies organized across three tiers: 9 wholly-owned subsidiaries, 6 majority-owned companies (50-100%), and 21 minority-held companies (below 50%), spanning electricity generation and distribution, petroleum, tourism, real estate, transportation (including Royal Jordanian Airlines and Aqaba Port), logistics, free and industrial zones, banking (Jordan Kuwait Bank, Housing Bank, Investment Bank, Safwa Islamic Bank), mining (Arab Potash, Jordan Phosphate Mines), postal services, and the Amman Stock Exchange.

GIMC's stated mandate is to formulate investment policies and activate management on global standards to maximize returns on government investments while maintaining moderate financial risk and effectively responding to economic changes in support of national economic development. Revenue mechanics are not commercially disclosed; the entity is funded through an initial registered capital of 500,000 Jordanian Dinars and earns returns through dividends, capital gains, and investment income on the transferred portfolio rather than through market-priced fees. There is no public pricing, no external customer base, and no commercial product line; its only customer is the Government of Jordan.

Operationally, GIMC is run by CEO Khairy Amro with a Board of Directors chaired by Wadha Isam Hassan Al-Brqawi and including senior representatives from the Ministry of Finance and Ministry of Investment. Headcount is 101-250, the headquarters is in Amman's Khalda district, and the organization maintains dedicated jobs and procurement channels alongside a corporate website that discloses no underlying technology stack, AI capabilities, APIs, or proprietary software platforms. Its competitive position rests almost entirely on its statutory exclusivity rather than on technology, talent differentiation, or commercial distribution.

Name

Government Investment Management Company

Legal name

شركة إدارة الاستثمارات الحكومية المساهمة الخاصة المحدودة

Website

https://gimc.com.jo

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Government Investment Management Company (GIMC) is a Jordanian sovereign holding entity wholly owned by the Government of Jordan through the Ministry of Finance, mandated to manage government equity stakes in 36 portfolio companies across electricity, transport, banking, mining, and free zones.

Ownership category

akta.pro rank

Product category

Sovereign Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Management of Companies and Enterprises (55111), Other Financial Vehicles (52599), All Other Financial Investment Activities (52399)

SIC

Investors, Nec (6799), Finance Services (6199)

akta.pro primary industry

Public Asset & Investment Management (BPAIAEAG)

akta.pro secondary industries

Central Government Policy, Strategy & Performance (incl. OMB-style functions) (BPAIAAAB), Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• Sovereign wealth management
• Government investment management
• Equity portfolio management
• State-owned enterprise management
• Investment holding company

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Investment Management Services: The company manages government equity investments in 36 companies transferred from the Ministry of Finance. Revenue is generated through investment returns, dividends, and capital gains on the managed portfolio rather than direct service fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Government Investment Management Company (GIMC) manages the Government of Jordan's equity investments in 36 companies across strategic sectors including electricity generation, petroleum, tourism, transportation, banking, mining, ports, and free zones. The company formulates investment policies and applies professional portfolio management using global benchmarks to maximize returns on government investments while maintaining moderate financial risk. It holds ownership tiers ranging from 100% in 9 wholly-owned subsidiaries to majority and minority stakes in the remaining portfolio companies.

Product overview

Government Investment Management Company (GIMC) is a Jordanian government investment management entity that operates as a unified investment management platform. The company manages the Jordanian Ministry of Finance's equity stakes in 36 companies across diverse sectors. The portfolio consists of three tiers: fully owned subsidiaries (9 companies), majority-owned companies (6 companies with 50-100% stake), and minority-owned companies (21 companies with less than 50% stake). These investments span critical infrastructure sectors including electricity generation and distribution, oil and petroleum, tourism, real estate, transportation, logistics, ports, industrial zones, free zones, banking, fertilizers, and education.

Differentiator

Problem solved

Functional benefit

Products and services

• Government Equity Investment Portfolio Management Professional investment management and policy formulation for the Government of Jordan's equity holdings in 36 companies across strategic sectors (electricity, petroleum, tourism, transportation, banking, mining, ports, free zones, industrial development, and education). Tiered ownership applies global investment standards to 9 wholly-owned subsidiaries, 6 majority-owned companies, and 21 minority-stake investments on behalf of the Ministry of Finance, with the mandate to maximize risk-adjusted returns at moderate financial risk and support Jordanian economic development.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Arabia for Potash Company (البوتاس العربية)coreStrategic or Co-development Partner · 11 October 2021Arabia for Potash Company (البوتاس العربية) is a key investment in GIMC's portfolio, with GIMC holding 26.14% stake. The company is a major Jordanian industrial enterprise producing potash and related products. A Qatari delegation visited the company as part of investment familiarization tours, with GIMC CEO Khairy Amro in attendance.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Oman Investment Authority (OIA): Sultanate of Oman's sovereign wealth fund managing the government's strategic equity portfolio across sectors. As a regional sovereign asset manager with similar Gulf-MENA operational scope, OIA is highly comparable to GIMC.
• Public Investment Fund (PIF) — Saudi Arabia: Saudi Arabia's sovereign wealth fund managing state strategic holdings and driving economic transformation (Vision 2030). PIF closely mirrors GIMC's mandate to professionalize state-owned strategic assets and drive economic development.
• Abu Dhabi Investment Authority (ADIA): Sovereign wealth fund of Abu Dhabi managing government-owned investment portfolios at institutional scale. ADIA is comparable to GIMC in mission (sovereign asset management) and global-best-practice methodology, though at vastly different AUM scale.
• Investment Corporation of Dubai (ICD): Principal investment arm of the Government of Dubai, managing a diversified portfolio of strategic government holdings including aviation, real estate, and financial services. ICD's mandate to manage Dubai government's strategic equity stakes directly parallels GIMC's.
• Mubadala Investment Company: Abu Dhabi sovereign wealth manager that holds and manages government strategic assets across multiple sectors globally. GIMC is Jordan's smaller, domestically-focused analogue of Mubadala's mandate of professionalizing sovereign-owned strategic holdings.

Broad incumbents

• Abu Dhabi Developmental Holding Company (ADQ): Abu Dhabi's broader state holding company with diversified strategic assets across infrastructure, healthcare, food security and financial services. ADQ represents the broader-incumbent model of a government holding company operating across many sectors, similar to GIMC's approach but at materially larger scale.
• Central Bank of Kuwait (KIA — Kuwait Investment Authority): One of the world's oldest sovereign wealth funds, managing Kuwait's strategic government investments at global scale under a similarly best-practice, moderate-risk mandate. KIA mirrors GIMC's institutional philosophy and government-backed operating model.
• Khazanah Nasional: Malaysia's sovereign strategic investment holding company managing government-linked companies across diverse sectors with a 'double bottom line' of returns and policy. Khazanah's mixed commercial-policy mandate mirrors GIMC's stated objectives.

Regional players

• State Oil Fund of the Republic of Azerbaijan (SOFAZ): Azerbaijan's sovereign wealth fund managing the country's oil-revenue-derived strategic assets with explicit governance frameworks and best-practice investment policy. SOFAZ is comparable as a non-Gulf, EM sovereign manager applying international SWF standards.
• Egyptian Sovereign Fund (EFG Hermes / Egypt Investment Management Co.): Egyptian sovereign wealth management vehicle holding and managing strategic government stakes and offering co-investment mandates across MENA. Conceptually parallels GIMC's regional and sectoral stewardship approach for a similar Middle Eastern government.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/government-investments-management-company-gimc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries24 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Government Investment Management Company