By : JD
Jordan Daily – Social Security Investment Fund (SSIF), the country’s largest institutional investor, said on Sunday its assets grew by 7.6% to JD14.9 billion in 2023, boosted by a diversified portfolio and a prudent strategy.
The fund, which manages the savings and pensions of more than 1.5 million contributors, also said its income from investments rose by 17.3% to 802 million dinars last year, compared with 684 million dinars in 2022.
Dr. Ezzeddin Kanakrieh , the CEO of the Social Security Investment Fund (SSIF) , told a seminar organised by the Amman Group for Future Dialogues that the fund invested in various financial instruments, such as bonds, equities, money market instruments, loans, and real estate and tourism projects.
He said in a statement sent to Jordan Daily , the fund’s strategy is based on professional principles and forward-looking perspectives, taking into account the changing economic conditions in the region and the world.
He added that the fund aimed to strengthen its investments by tapping into the competitive advantages of the governorates, launching new ventures, and expanding existing projects in promising sectors, such as energy, mining, and real estate development.
He said these investments would help stimulate the economy, create jobs, and enhance the financial position of social security.
The seminar, attended by officials, experts, and businessmen, discussed the fund’s role in boosting investor confidence in the Jordanian economy and supporting the adoption of sound institutional practices by the companies it invests in.
Kanakrieh said the fund’s investment plan for 2024 would focus on increasing its participation in major national projects in partnership with private sector institutional investors.
He also praised the Amman Group for Future Dialogues for its role in highlighting the national achievements, providing constructive criticism, and building an enlightened public opinion.