SSIF assets reach JD 14.3 billion at the end of Q2-2023

The Social Security Investment Fund (SSIF) CEO Dr. Ezzeddin Kanakrieh announced that SSIF assets continued growing to reach JD 14.3 billion at the end of the second quarter of 2023 compared to JD 13.8 billion at the end of 2022, representing 4% growth.


SSIF income also grew by 20% to reach JD 447 million at the end of Q. 2, compared JD 371 for the same period of 2022. This growth mainly comes from the income of bonds portfolio of JD 231 million, equity JD 146.5, money market instruments of JD 56.6 million, in addition to the returns of loans and real estate portfolios.

The main components of the investment portfolios are distributed over investment tools; bonds portfolio accounted to 55.8%, equity portfolio 16.9%, money market instruments portfolio 14.3%, real estate portfolio 5.7%, loans portfolio 3.5%, and tourism portfolio 2.2%.

SSIF CEO announced the soft opening of a 4 stars hotel owned by the Social Security Corporation in Amman under the commercial name Amman Paradise (previously Amman Cham Palace)

Kanakrieh said that 80% of Crowne Plaza Hotel- Petra expansion and renovation has been completed. The project that will create 200 direct jobs upon completion, includes establishing the first conference hall in Petra within the international standards, and renovating 145 rooms and chalets.

Moreover, Daman Investment and Agricultural Industries Company launched the second phase of the agricultural project to plant 18 sq. km to increase the production of the strategic corps such as wheat, silage corn, potatoes, and animal feed. Moving forward, the Company studies investing in food production chain and food industry.

According to Kanakrieh, King Hussein Bin Talal Development Area in Mafraq has attracted new food industries investments, and has signed an agreement with a local investor to establish a multi phased factory to produce hygienic paper products and sterilizers. The first phase investment will amount to JD 50 million and create 300 jobs.        


To reflect its commitment to achieving sustainable development, CEO said that some amendments have been made to SSIF governance system which defines the minimum percentage of women representing Social Security on companies’ boards that currently stands at 15%. SSIF representatives shall also report the companies practice at this end, to enable SSIF overseas the companies’ commitment to implement SDGs and ESG.

Kanakrieh concluded that the Fund is the biggest investment fund in the national economy, with assets exceeding 35% of GDP. Being adherent to the governance and decision-making best practices, the Fund is currently studying a number of investments opportunities in energy and real estate development, and is also keen to look into PPP and Economic Modernization Vision projects.