SSIF Surges Ahead in H1 2025: Unprecedented Growth, Record Earnings, and Strategic Influence Across Jordan’s Economy, Total assets rise to JD 17.3 billion

In the first half of 2025, the Social Security Investment Fund (SSIF) delivered a pivotal performance that underscores its evolving role as a cornerstone in Jordan’s financial and economic system, with total assets increasing by JD 1.2 billion to reach JD 17.3 billion as of June 30, representing a 7.2% increase and one of the strongest semi-annual performances in the Fund’s history.

The robust financial results were underpinned by a 119% year-on-year increase in comprehensive income, which reached JD 1.1 billion from JD 487 million during the same period last year. This comprised JD 591 million in net returns from investment activities and JD 473 million in unrealized gains on the revaluation of strategic equity holdings. An additional JD 109 million in actuarial surplus was transferred from the Social Security Corporation.

Net returns from investment portfolios increased by 15% compared to the first half of 2024, driven primarily by bonds of JD 296 million, equities of JD 207 million, money market placements JD 70 million, and in addition to the income real estate and loans portfolios.

The Fund’s share of dividend income from 2024 corporate profits exceeded JD 191 million - the highest in its history - reflecting not only robust corporate performance but also the Fund’s rising influence within Jordan’s capital markets. These dividends contribute to increased liquidity, enhanced investor confidence, and a more resilient investment environment, reinforcing the foundations for sustainable national growth.

As of mid-year, 2025, the Fund’s portfolio was allocated as follows: bonds 57%, equities 17.1%, money market instruments 14.1%, real estate 5.2%, loans 3.3%, and tourism assets 1.9%.

Chairman of the Investment Board, Omar Malhas stated that the Fund’s performance marks a turning point in its institutional role; from a conventional asset manager to a proactive, long-term investor shaping national economic priorities. He underscored the Fund’s strategic shift through revised investment priorities, deeper integration in productive sectors, and a focus on high-impact initiatives such as the planned co-financing of the National Water Carrier Project,Jordan’s most ambitious infrastructure undertaking to date.

Malhas highlighted that this transformation is anchored in disciplined decision-making supported by rigorous financial and technical evaluations. SSIF’s investment processes are calibrated toward long-term value creation, insulated from short-term volatility, and aligned with national objectives.

He further remarked that the Government’s decision to prioritize SSIF as a core investor in flagship development projects signals confidence in the Fund’s institutional capacity to structure impactful, commercially viable partnerships. This strategic positioning enhances SSIF’s stature as a driver of inclusive growth, while also reinforcing its relevance to regional and global investors seeking stable, mission-aligned opportunities.

SSIF CEO Dr. Izzaldeen Kanakrieh affirmed that the Fund’s strong earnings continue to support sustained asset growth and broader institutional credibility. He described the current phase as one defined by a deepening of strategic partnerships, backed by growing confidence from public and private sector stakeholders.

Dr. Kanakrieh noted that SSIF operates under aforward-leaning institutional mandate that emphasizes the early identification and pursuit of high-impact investment opportunities. In recent months, the Fund submitted expressions of interest to relevant government ministries and national corporations to explore potential collaboration in proposed initiatives across the transport, education, and mining sectors.

He added that these efforts are embedded within an integrated governance model consistent with SSIF’s long-term vision and the broader goals of the Economic Modernization Vision. By channeling capital into high-productivity, value-generating sectors, the Fund strengthens the resilience of the social security system while reinforcing national competitiveness.

The Fund is currently updating its strategic plan for the coming years with the aim of responding to economic shifts and capitalizing on emerging investment opportunities. This includes a comprehensive reassessment of investment priorities, with renewed emphasis on channeling resources toward high-value, productivity-driven sectors.

Through this integrated approach, SSIF continues to institutionalize performance excellence, align capital with strategic national priorities, and consolidate its position as a trusted long-term steward of public capital, delivering economic value, financial stability, and developmental impact for generations to come.