Jordan Daily – Dr. Ezz El-Din Kanakrieh, the head of the Social Security Investment Fund, revealed that the fund’s assets have continued to show a robust increase, reaching approximately JD 14.3 billion at the close of the second quarter of this year. This represents a significant growth from the JD 13.8 billion recorded at the end of last year, indicating a steady rise of about 4 percent.
In an official statement today, Kanakriya disclosed that the net income also experienced remarkable growth, surging by approximately 20 percent to reach JD 447 million by the end of the second quarter of this year. In comparison, the net income for the same period last year stood at 371 million dinars.
This impressive surge in net income can be primarily attributed to the bond portfolio, contributing a substantial value of JD 231 million . Furthermore, the stock portfolio played a pivotal role in the fund’s performance by adding JD 146.5 million . The money market instruments portfolio also contributed significantly with a value of JD 56.6 million . In addition, returns from the portfolios of loans and real estate investments further bolstered the fund’s overall financial growth.
