SSIF Total Assets edged up just over JD 12 billion at ‎the end of 2021

Social Security Investment Fund, ( SSIF ) CEO Kholoud Saqqaf announced that SSIF  retained a good performance in 2021. Total Assets kept growing to reach  JD 12.3 billion at the end of the year compared to JD 11.2 billion at the end of 2020; that is a JD 1.1 billion increase or 10% growth.   

Speaking in a press conference, Saqqaf presents  the SSIF 2021 preliminary financials and it’s  key achievements. She also pointed out that SSIF’s income  grew in 2021 to reach JD 575 million in comparison with JD 509 million for the year 2020, representing a growth of 13%. This was mainly attributed to the growth in the returns from bonds, money market instruments, and equity portfolios.
She also talked about the prudent allocation of SSIF’s total assets taking into consideration the pandemic, the current and future expectations of the National economy. Whereas these assets are allocated as follows; 57% in government bonds and bills, 16.6% in equities, 12.9% in money markets instruments, 6.1% in real estate, 3.4% in tourism, and 2.4% in loans.


Saqqaf added that the performance of Amman Stock Exchange (ASE) in 2021 has positively impacted  SSIF’s  equity portfolio. The market value of this portfolio has increased by  JD 411 million  at the end of 2021 in comparison with  a JD 371 million decline at the end of 2020.

She added that SSIF  increased its ownership in some strategic publicly traded companies in banking, mining and pharmaceuticals sectors. 
Therefore, these developments led the public equity portfolio to edge JD 2 billion, which representing 12% of ASE total market value.

SSIF CEO also said that the Bonds portfolio, which constitutes 57% of the total portfolio, has generated an income of JD 411 million at the end of 2021, with 6.1 % rate of return. This rate of return, which is associated with low risk level, was the highest among returns of all other portfolios.

Saqqaf also talked about the main achievements that were accomplished last year in real estate, tourism, agriculture, and renewable energy sectors. She also shed light on the governance scheme and decision making process  that governs SSIF’s work.

Looking forward, Saqqaf said that SSIF updated  strategy (2022-2024) targets investing in Public Private Partnership infrastructure mega projects like  the National Desalination Project and  the project of building 15 public schools. In addition, SSIF  is also targeting expanding its investments in mining sector.

She concluded that SSIF  is keen to further improve the  Social Security Corporation financial sustainability and achieve the targeted risk adjusted returns on various investments. While being adherent to the investment policy, SSIF is taking  into consideration the international best practices of UN Sustainable Development Goals (SDGs) and the Environmental, Social and Governance criteria (ESG). Furthermore, SSIF continues to adapt the best international practices in disclosure and reporting, as it publishes its financial reports quarterly on SSIF  website: www.ssif.gov.