SSIF Assets Reach JD 9.9 billion and Comprehensive Income Increases to JD ‎‎477.6 million at the End of April 2018‎

Dr. Izz Kanakrieh / the Social Security Corporation Director General and the Acting Executive Chairman of the Social Security Investment Fund (SSIF) said that the Fund’s total assets went up at the end of April 2018   reaching JD 9.9 billion. The Fund’s comprehensive income that is composed of Fund's income from its investment activities in addition to the reevaluation of the strategic shares portfolio based on the performance of Amman Stock Exchange amounted  to  JD 477.6 million , where the Fund’s income registered  JD 203.3 million and the strategic shares reevaluation registered JD  274.1   million at the end of April 2018. 
Earlier this month, Kanakrieh said ,   the Fund   announced some of its preliminary   figures for the first 4 months . Recently, the Investment Board chaired by Mr. Mazin Al-Khatib officially approved the final figures based on the final financial statements as of the end of April 2018. Accordingly, the Board of the Social Security Corporation chaired by the Minister of Labor Mr. Samir Murad ratified the Fund’s performance report and shall officially submit it to the Council of Ministers and to the Parliament   as provided by the Social Security Law. 
Kanakrieh pointed out that assets grew by JD 8.3 billion since the Fund’s establishment in 2003 where the assets were JD 1.6 billion. This increase came from two components; JD 4.2 billion from the Fund’s comprehensive income, and JD 4.1 billion from the Social Security Corporation pensioners’ subscriptions.
Kanakrieh concluded that the Fund’s financial reports in addition to its investments are available to all concerned on the Fund’s website: www.ssif.gov.jo.