SSIF Total Assets Surpass JD 20 Billion at End of Q3 2026

SSIF Total Assets Surpass JD 20 Billion at End of Q3 2026

SSIF Total Assets Surpass JD 20 Billion at End of Q3 2026

The Social Security Investment Fund (SSIF) closed the third quarter of 2026 with total assets of about JD 20.1 billion, compared with about JD 18.7 billion at the end of 2025—an increase of nearly JD 1.5 billion, or 8 percent, year-to-date.

The Fund recorded comprehensive income of about JD 1.37 billion during the first nine months of the year and received an insurance surplus transfer of about JD 110 million from the Social Security Corporation. Comprehensive income comprised net Fund income of JD 879 million and a net increase of about JD 492.4 million in the valuation of the strategic equity portfolio.

Net Fund income grew by 8.6 percent compared with the same period of 2025. The main contributors were the bond portfolio, which generated JD 511.4 million, the equity portfolio at JD 248.3 million, and money market instruments at JD 86 million, in addition to income from the Fund’s other portfolios.

At the end of the third quarter, bonds accounted for 56.2 percent of total assets, equities for 21.3 percent, money market instruments for 11.5 percent, real estate investments for 5.6 percent, loans for 2.4 percent and the tourism portfolio for 1.6 percent.

Chairman of the Social Security Investment Board Omar Malhas said the Fund is a core part of the national economy and bases its decisions on a prudent investment policy and robust institutional governance. Investment opportunities are assessed in line with the policy’s parameters for returns and acceptable levels of risk, within an approach that balances investment viability with economic impact.

Malhas said that alongside its investments in conventional instruments, which form the foundation of pension fund portfolios worldwide, the Fund is undergoing a qualitative shift in its investment direction by expanding into major, long-term projects in water, energy, transport and mining through strategic local, regional and international partnerships.

He added that this approach directs capital towards investments that raise the productivity and competitiveness of the national economy while serving the social security system through two complementary channels: creating jobs that help broaden the contributor base and increase contribution revenues, and generating investment returns that are reinvested to grow social security funds and strengthen their sustainability.

Chief Executive Officer of the Social Security Investment Fund Dr. Izzeddin Kanakrieh said the growth in assets and Fund income reflects the strength of the investment base underpinning a new phase of expansion that combines the growth of existing investments with expansion into new sectors and major projects, broadening the Fund’s asset base and strengthening its capacity to generate sustainable returns.

Kanakrieh said the Fund leverages its financial scale and institutional expertise to evaluate opportunities, pursue new investments and build strategic partnerships, enabling it to broaden the scope of its investments and diversify its sources of return.

He added that the Fund takes account of potential synergies across sectors when considering its investment portfolio as a whole. Certain projects may strengthen the value of existing investments by lowering costs, improving efficiency or extending value chains, thereby enhancing the value generated by the portfolio as a whole.

Against this backdrop, investment activity in major projects has gathered pace. The foundation stone was recently laid for the Aqaba–Al-Shidiya–Ma’an railway project, in which SSIF holds a 7 percent stake in the project company under a strategic Jordanian-Emirati partnership. The project marks the Fund’s first investment in rail transport and is expected to support its existing holdings in Jordan Phosphate Mines Company and Arab Potash Company by lowering transport costs, improving operational efficiency and strengthening their competitiveness.

SSIF and Oman Investment Authority also signed an agreement to launch an investment partnership under which the Jordanian-Omani Investment Company was established in Jordan. The company is equally owned by the two parties and has an investment size of USD 100 million.

For the National Water Carrier Project, SSIF established the National Water Investments Company, wholly owned by the Social Security Corporation, to acquire a 15 percent stake in the project company. The Fund is also finalising procedures for its direct contribution to financing the project through a consortium of Jordanian commercial banks.

The Cabinet recently approved the Fund’s participation through a 20 percent equity stake in the project company for the IPP7 combined-cycle power generation project, which aims to strengthen the Kingdom’s electricity system.

SSIF is also finalising procedures to acquire a 20 percent stake in the project company for a purified phosphoric acid production plant to be developed with Jordan Phosphate Mines Company and Arab Potash Company.

The Fund continues to evaluate investment opportunities in technology, mining and transport and to attract strategic partners for new projects in the Kingdom. This activity reflects a drive to consolidate SSIF’s presence in sectors expected to serve as key engines of growth in the coming years and to expand its role as an institutional investor in major projects. Through this approach, the Fund aims to sustain the growth of social security funds, serve the interests of contributors and retirees, and support economic growth and investment activity in Jordan.