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The Social Security Investment Fund (SSIF) on Tuesday held the sixth forum for representatives of the Social Security Corporation in boards of directors of companies that the SSC owns shares in, titled: “Corporate, social and environmental governance”. Inaugurating the event, which was held in cooperation with Jordan Institute of Directors and the International Finance Corporation (IFC) of the World Bank Group, SSIF CEO Kholoud Saqqaf said that the fund is keen on benefiting from the expertise of international institutions to encourage the adoption of responsible and sustainable investment practices, the Jordan News Agency, Petra, reported. Saqqaf noted that these forums are part of the ongoing process to develop the expertise of representatives, acquaint them with the expertise of global companies and the best practices related to sustainable development and green economy, and the impact of commitment to corporate, social and environmental governance on the financial and operational performance of companies. She also highlighted the importance of adopting a “clear mechanism” to assess the application of such practices to benefit from feedback in developing future plans in a bid to guarantee the sustainability of companies’ investments and businesses. IFC's Country Manager for the Levant Region Abdullah Jefri said that adopting environmental and social practices and corporate governance are so important for private sector companies that seek to enhance their competitive capabilities, noting that the IFC has played a significant role in this regard. The forum sessions went over the importance of companies to shift to green investment that take into consideration the climate change and encourage the use of renewable energy, global standards for corporate, social and environmental governance and its impact on companies, the society and the environment, in addition to the importance of boosting the economy and the competitive advantages of the investment environment.
The Social Security Corporation (SSC) is a major investor in the tourism sector. Geographically, its portfolio covers most parts of the Kingdom through direct and indirect investments.
SSIF invests in the energy sector through strategic holdings in electricity generation and distribution companies, in addition to renewable energy projects
Al Daman for Development Zones Company (DDC) was established in 2009 as a private shareholding company fully owned by the Social Security Corporation. DDC is the investment arm of the Investment Fund for infrastructure development, services and marketing for the King Hussein Bin Talal Development Area in Al Mafraq and the Irbid Development Area
The value of the equity portfolio amounted to around JD 2,699.6 million as at 31/03/2025
The portfolio consists of money market instruments with maturity dates that do not exceed one year, such as deposits, treasury bills, repurchase agreements, certificates of deposit and current accounts.
The Fund invests in medium and long term loans through direct lending to the Jordanian Government and its public institutions, and also by participating in syndicated loans to companies for a period that is not less than one year.
In September 2020, SSIF established a wholly owned company that will launch an agricultural project in the south on an area of 30,000 dunums with a total investment of JD 13 million