The Jordan Capital and Investment Fund (JCIF) has announced its acquisition of a 27% stake in the National Health Insurance Administration Co. PSC (NatHealth), a leading regional third-party administrator (TPA). The strategic investment is aimed at accelerating NatHealth’s growth, generating new employment opportunities, and strengthening Jordan’s economic landscape.
A Strategic Partnership for Regional Growth
With over 27 years of experience in the medical insurance market, NatHealth has established itself as a key player, serving more than 65 insurance companies and a base of over 400,000 subscribers across Jordan, Palestine, and Iraq. The new partnership with JCIF is set to provide the necessary resources and strategic insight for further regional expansion.
Hani Qadi, Chairman of JCIF, commented on the deal, “We are committed to supporting exceptional Jordanian businesses and entrepreneurs and investing in pioneering companies like NatHealth. This investment demonstrates strong potential for growth and expansion, while advancing state-of-the-art proprietary technology in Jordan.”
Echoing this sentiment, NatHealth Chairman Karim Kawar stated, “We are thrilled to welcome JCIF as a strategic shareholder in our company. JCIF brings institutional credibility, strategic insight and a proven track record that will be invaluable as we pursue our ambitious growth plans.”
Leveraging AI and Tech for Seamless Insurance
A core driver of NatHealth’s success has been its investment in proprietary technology. The company has successfully transitioned to a fully paperless model, creating seamless medical solutions that enhance operational efficiency and profitability.
According to NatHealth CEO Ahmad Tijani, the company is now scaling its tech capabilities further. “This partnership will accelerate the deployment of our proprietary AI models, which are specifically trained to detect anomalies and patterns indicative of fraudulent claims, thereby safeguarding our clients,” he explained. “We are now deploying AI-driven analytics to provide our partners with predictive insights into healthcare utilization and cost trends.”
JCIF’s Mandate to Boost Jordanian Innovation
As Jordan’s largest licensed private-sector investment fund with a capital commitment of JOD 275 million (USD 388 million), JCIF plays a pivotal role in the Kingdom’s economy. The fund invests in pioneering companies with high growth potential, having deployed over JOD 111 million (USD 157 million) across sectors like food and agriculture, IT, education, and manufacturing.
Faris Sharaf, CEO of JCIF, noted that NatHealth’s proven business model was a key factor in the investment. “NatHealth’s business model has proven its scalability, enabling successful expansions into markets like Palestine and Iraq through strategic partnerships. The company is well-positioned to continue its growth into new markets while introducing innovative, value-driven services, all while maintaining Jordan as its operational hub.”
About NatHealth
Founded over 27 years ago, NatHealth is a leading third-party administrator (TPA) in the Jordanian medical insurance market. It specializes in claims management through its proprietary technology and a vast network of over 10,000 healthcare providers. The company currently serves clients and subscribers in Jordan, Palestine, and Iraq.
About Jordan Capital and Investment Fund (JCIF)
The Jordan Capital and Investment Fund is the largest licensed private-sector investment fund in the Kingdom, with a capital commitment of JOD 275 million (USD 388 million). JCIF invests in promising Jordanian companies with significant growth and expansion prospects, aiming to fuel employment, support innovation, and advance Jordan’s long-term economic growth.
Source: Zawya
