SSIF total assets reach JD 12.1 billion and income reached JD 440 million at ‎the end of the ‎third quarter of 2021‎

SSIF total assets reach JD 12.1 billion and income reached JD 440 million at ‎the end of the ‎third quarter of 2021‎

10-Oct-2021

Social Security Investment Fund ( SSIF ) CEO Kholoud Saqqaf said that the Fund retained a good performance throughout the third quarter of 2021 as  total assets kept growing to reach JD 12.1 billion, in comparison with JD 11.2 million as at the end of 2020.

These assets were distributed over money market instruments that constituted 11.8 % of the total portfolio, bonds 57.7 %, loans 3.4 %, equity 17 %, real estate investments 6 % and tourism investments 2.5 %.

Saqqaf said that the Fund’s income also grew to reach JD 440 million in comparison with JD 375.6 million for the same period of 2020, representing a growth of 17%. This was attributed to the growth in the returns from bonds and money market instruments.

Due to ASE positive performance, the Fund public equity portfolio registered around JD 441 million unrealized book profits as at the end of the third quarter compared to unrealized losses of JD 343 million for the same period of last year.

SSIF is currently considering investments in several major projects announced by the Public-Private Partnership Unit, including the Aqaba-Amman desalination and water transport project (the national carrier project), in addition  to schools, tourism and real estate projects, the CEO noted.

Saqqaf concluded that the Fund is currently developing its strategic plan ( 2022 – 2025)  to further augment SSC financial sustainability and achieve feasible return of the various investments. SSIF also follows the best international practices in disclosure as it publishes its financial reports quarterly on the Fund’s website: www.ssif.gov.  

 







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