Military Credit Fund
Ala Qumsieh is a seasoned professional with extensive experience in the banking and finance sectors. Currently serving as Co-founder and CEO of Founders and Company Limited since February 2021, Ala also holds board member positions at Military Credit Fund and Imseeh Jewelry. Previously, Ala was the Chief Executive Officer of Capital Bank of Jordan from March 2017 to March 2020 and spent over a decade at Citi, where leadership roles included Head of Corporate Banking for KSA, Qatar, and Bahrain. Additional experience includes stints at Arab Bank, Standard Chartered Bank, and HSBC. Ala Qumsieh holds an MBA from Aston Business School, completed in 2005.
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Military Credit Fund
Military Credit Fund (MCF): was established in 2010 under the directives of His Majesty King Abdullah II, Chief Commander of the Jordanian Armed Forces. In addition to providing financing and banking services in their various forms, the Fund seeks to educate its clients on the numerous investment opportunities available, and assist them in making calculated decisions. Hence, the mutually beneficial common interest of the Fund and its beneficiaries is a top priority. The Fund is specialized in providing services and products as follows: - Financing services to members of the Armed Forces and security forces with simple terms, including: - Accepting cash deposits pursuant the general policies of the Fund - Investing the funds of the institution itself and of its depositors in various areas such as real estate, agriculture, industry, service and finance, or any other investment areas - Salary transfers - Payment and collection services - Issuing debit and credit cards - ATMs that offer financial services - Purchasing and selling of debt - Any other activities that lead to the achievement of the goals of the Fund