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The Social Security Investment Fund (SSIF) announces the release of its seventh Sustainability Report for 2023. This milestone underscores our ongoing commitment to sustainable development and responsible investing.
SSIF CEO Dr. Ezzeddin Kanakrieh highlighted that issuing this report the seventh consecutive year “reflects our dedication to sustainable practices through our diverse investments. Despite regional economic challenges, our flexible strategy has transformed these into opportunities, ensuring stability and positive returns”.
SSIF investments span multiple sectors; including banking, mining, energy, and more, driving economic growth and improving quality of life, especially in provincial areas. “We remain focused on upholding rigorous corporate governance standards to build trust and enhance Jordan's business environment” according to SSIF CEO.
Kanakrieh emphasized the Fund's crucial role in implementing the Economic Modernization Vision. He noted that the Fund's investments enhance Jordan's global competitiveness, stimulate economic activity across provinces, optimize comparative advantages, and create permanent job opportunities. The Fund will also persist in integrating sustainability standards to boost financial and operational performance, support long-term growth, and align with Jordan’s 2030 Sustainable Development Goals.
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