Riyadh – Sharikat Mubasher: The Saudi Jordanian Investment Company (SJIC), a wholly owned subsidiary of PIF, signed an agreement to invest indirectly in Alyoum Bakery, a leading industrial-scale baked goods producer in Jordan.

The deal, which includes issuing new shares, is subject to regulatory approvals and other conditions, according to a joint press release.

The investment will support Alyoum Bakery’s growth strategy, including introducing new products and expanding into neighboring markets.

Muteb Al Shathri, Acting CEO of SJIC, said the transaction reflects SJIC’s strategy of building long-term economic partnerships in Jordan’s key sectors to drive sustainable returns.

Mahmoud Khalil, Co-founder of Alyoum Bakery, described the deal as a major milestone that will help the company enhance production efficiency, expand its product range, and strengthen its distribution network both in Jordan and regionally.

Alyoum Bakery operates one of Jordan’s largest and most advanced distribution networks, with a daily production capacity of 300 tons of flour and seven production lines serving multiple sales channels across the country.