Jordan Daily - The Social Security Investment Fund (SSIF) on Tuesday denied reports that it financed the purchase or construction of Jordanian diplomatic missions abroad, saying the claims were based on an unapproved proposal from about 13 years ago.
The fund said in a statement received by Jordan Daily, the circulated document referred to an investment concept studied at the time under a financial leasing model, in which SSIF would have acquired properties and leased them to the government, generating long-term returns before transferring ownership at the end of the lease.
Following technical, legal and procedural assessments, the proposal did not meet the conditions required for approval and was never implemented, SSIF said.
The fund added that all investment decisions follow a defined governance framework and due diligence process, in line with its mandate to safeguard and grow social security assets.
SSIF noted its activities and financial results are publicly disclosed to ensure transparency and accountability.
