By : Business Editor
Jordan Daily – Proposed amendments to the Social Security Law will not affect the investment strategy or performance of the Social Security Investment Fund (SSIF), its Investment Board Chairman Omar Malhas said.
Speaking in a televised interview, Malhas said the draft changes are aimed at strengthening the insurance framework and enhancing institutional governance, while investment decisions remain professionally driven and institutionally independent.
SSIF’s assets have grown from JOD 1.6 billion in 2003 to about JOD 18.6 billion by the end of 2025, supported by cumulative investment profits of JOD10.8 billion and JOD 6.2 billion in transferred cash surpluses from the Social Security Corporation.
The fund allocates capital across money market instruments, bonds, loans, equities, real estate and tourism. Its rate of return reached 13.5% in 2025, following 10% in each of the previous two years and an average 8.5% over five years.
Fixed-income securities account for 55.6% of total assets, with bond holdings of 10.3 billion dinars generating cumulative returns of about JOD 4.9 billion. Malhas said the government has consistently serviced bond interest and repaid principal on schedule.
Equity investments total about JOD 3.6 billion , with cumulative returns of 4.2 billion dinars. Real estate investments stand at JOD 1.1 billion , generating nearly 340 million in returns, including valuation gains.
Malhas said the fund, Jordan’s largest financial institution by assets, is expanding into strategic national projects aligned with the Economic Modernization Vision, including the National Water Carrier Project, and is assessing opportunities in mining, railways and the Risha gas pipeline.
He added that SSIF operates under a multilayered oversight framework, with regular disclosures to the government and parliament.
