SSIF assets edged up reaching JD 12 billion and income reached JD 313 million at ‎the end of the second quarter of 2021‎

Social Security Investment Fund ( SSIF ) CEO Kholoud Saqqaf said that the Fund retained a good performance throughout the second quarter of 2021 as  total assets kept growing to reach exceed JD 12 billion, in comparison with JD 11.2 million as at the end of 2020.
These assets were distributed over money market instruments that constituted 10.4 % of the total portfolio, bonds 58.1 %, loans 3.4 %, equity 17.9 %, real estate investments 6.1 % and tourism investments 2.5 %.
Saqqaf said that the Fund’s income also grew to reach JD 313 million in comparison with JD 251 million for the same period of 2020, representing a growth of 24.5%. This was attributed to the growth in the returns from bonds, money market instruments, and the dividends streams from the companies in which SSIF invests. 
SSIF CEO pointed out that as one of the biggest institutional investors in the national economy, the Fund has seized the investment opportunities in many vital sectors. Since beginning of the year, the Fund increased its ownership on selective grounds in some strategic listed companies given the temporary decline in stock prices. Several companies in which SSIF invests have announced dividends distribution from beginning of the year, of which the Fund's share was approximately JD 51 million since beginning of the year. Saqqaf added that the Fund public equity portfolio registered around JD 525 million unrealized book profits as at the end of the second  quarter compared to unrealized losses of JD 314 million for the same period of last year.
SSIF CEO also said that the Bonds portfolio that constitute 58.1% of the total portfolio generated   a return of    JD 196 million at the end June 2021 compared to JD 188 million ‎ for the same period of the previous year, with 6.1 % rate of return, the highest on investment instruments invested by the Fund compared with the associated low level of risk.
Saqqaf announced that a number of projects in real estate and tourism sectors have been recently launched in Amman and Aqaba, and the renovation is still under process in the Crowne Plaza/Petra Hotel and the Intercontinental/Aqaba Hotel. Saqqaf also announced that Daman Company for Investment and Agricultural Industries, wholly owned company,  will officially start  its first agricultural project in October , 2021.
She  concluded  that in light of the actuarial studies of the Social Security Corporation  (SSC) that take place every 3 years, SSIF builds the strategic asset allocation that takes into consideration the parameters of the national economy and periodically revisits the asset allocation. Those studies set out the expected scenarios for the future liabilities of the institution to participants and retirees, and the optimal asset allocation aiming to maintain SSC financial sustainability. And as any strategic financial investor, SSIF is keen to achieve the highest risk adjusted returns on various investments, while being adherent to the investment policy. Emphasizing that improved performance of the national economy will contribute to improved returns on the Fund's investment instruments.