SSIF Sustains Positive Performance: Total Assets Reach JOD 16.7 Billion by End of Q1 2025

The Social Security Investment Fund (SSIF) continued its positive trajectory, with total assets reaching approximately JOD 16.7 billion as of the end of the first quarter of 2025, compared to JOD 16.2 billion at the end of 2024.

SSIF CEO Dr. Ezzeddin Kanakrieh stated that this strong performance was driven by investment income totaling approximately JOD 240 million, the appreciation in the valuation of strategic equity investments amounting to JOD 243 million, and the surplus transferred from the Social Security Corporation totaling JOD 57 million.

Kanakrieh emphasized that these results are a direct outcome of the Fund’s prudent investment strategy, focused on portfolio diversification, optimizing returns, and maintaining risk within carefully calibrated parameters. He reaffirmed SSIF’s commitment to sustaining robust financial performance to safeguard and grow social security assets while reinforcing national economic resilience.

The Fund recorded an 11.2% increase in investment income compared to the same period in 2024, primarily driven by the performance of its investment portfolios. The bonds portfolio generated income of JOD 145.1 million, the money market instruments portfolio contributed JOD 34.9 million, and the equities portfolio realized JOD 51.8 million, including approximately JOD 47 million from dividend distributions declared during the first quarter.

Kanakrieh noted that the improved performance of the Jordanian economy and the enhanced investment climate, bolstered by national economic policies, contributed significantly to these record results. The Fund’s share of corporate dividend distributions for the fiscal year 2024 is expected to surpass JOD 188 million, marking the highest level in SSIF’s history. This milestone reflects the quality and strength of SSIF’s strategic investments across vital sectors within the Jordanian market.

He further clarified that the impact of rising dividends will be reflected more prominently in the Fund’s second-quarter financials, given that several major companies held their general assemblies after the first quarter, and thus, part of these distributions has not yet been accounted for.

In alignment with its strategic objective to expand assets and diversify income streams, the real estate portfolio continued to show an upward trend, reaching approximately JOD 888 million by the end of Q1 2025. SSIF is actively enhancing this portfolio by acquiring lands and properties in strategic locations and executing long-term lease agreements under BOT models, thereby creating added value and strengthening the role of real estate as a sustainable and dynamic investment component.

In the tourism sector, the Fund is finalizing the architectural designs for a four-star beachfront hotel in Aqaba, which will be operated under the "VOCO" brand of the InterContinental Hotels Group (IHG). This project aims to meet the growing demand for modern, cost-efficient beachfront hospitality options in Aqaba, enhance the city’s competitiveness as a regional seaside destination, and contribute to the promotion of sustainable tourism development in Jordan.

In terms of developmental investments, SSIF’s development zones continued attracting high-quality local and regional investments. Total private sector investments in King Hussein Bin Talal Development in Mafraq and Irbid Development areas have now reached approximately JOD 886 million, spanning industrial, technological, educational, and renewable energy sectors, and providing over 4,200 permanent job opportunities. This underlines SSIF’s pivotal role in driving inclusive economic growth across Jordan’s governorates.

Within the framework of expanding sustainable energy initiatives, the Fund signed an agreement to establish a fourth solar power plant in Shoubak, supplementing its three existing plants with a combined capacity of 15 megawatts. These initiatives are part of the Fund’s strategic plan to reduce energy costs and enhance energy efficiency across its real estate and hotel portfolios.

In terms of strategic partnerships and regional engagement, SSIF signed a memorandum of understanding with Morocco’s Caisse de Dépôt et de Gestion to foster institutional cooperation and explore joint investment opportunities in key sectors. Locally, SSIF also signed a memorandum of understanding with the Housing and Urban Development Corporation to develop projects on SSIF-owned lands, further enhancing the value and impact of its real estate investments.

Finally, Dr. Kanakrieh affirmed that SSIF, in alignment with Jordan’s Economic Modernization Vision, is currently evaluating new investment opportunities in the mining, transportation, and infrastructure sectors, as well as in the National Carrier Project. These initiatives are part of SSIF’s broader mandate to manage the savings of social security contributors and retirees responsibly while transforming them into growth engines that strengthen Jordan’s financial and economic stability.