SSIF Plays Key Role in Supporting National Economic and Social Security.

The Minister of Labor/ Chairperson of the Social Security Corporation (SSC) Board of Directors Nadia Rawabdeh emphasized the vital significance of the Social Security investments in bolstering its financial sustainability that is achieved through a structured and prudent decision-making process.

During the meeting with SSIF Chairman of the Board Mazin Al Khatib, SSIF CEO Dr. Ezzeddin Kanakrieh, and a number of SSIF managers, Rawabdeh said that Social Security Law has defined the institutional governance framework that controls SSC and SSIF, and the supervisory role SSC Board of Directors over SSIF to enhance the sustainability of social security.

SSIF Chairman Investment Board, underscored the unwavering commitment efforts to implement the investment policy, achieve sustainable returns on assets, and contribute to the growth of the national economy through SSIF strategic investments.

SSIF CEO unveiled the financial results of the third quarter of the current year, demonstrating a 5% year-over-year increase in assets to reach JD 14.5 billion. Additionally, the income surged to JD 611 million, surpassing the JD 504.8 million recorded in the corresponding period of the previous year.

CEO also reviewed SSIF's investment projects in various sectors, including banking, mining, energy, tourism, agriculture, real estate development, and development areas. SSIF is also financing projects in health, transportation, and mining sectors through financial leasing. SSIF is currently studying a number of investment opportunities in mining and energy sectors, and is interested in participating in public-private partnership (PPP) and the Economic Modernization Vision's projects.

Rawabdeh concluded by commending SSIF for its efforts to improve the investments performance and contribute to the national economy, social security, and sustainable development, all while fulfilling SSIF mission to invest responsibly to secure generations’ future.