Javasript is currently not supported/disabled by this browser. Please enable JavaScript for full functionality.
The Social Security Investment Fund (SSIF) convened its 9th Corporate Governance Forum under the theme: "The Role of Board Members in Strategy Development and Sustaining Outcomes." The Forum sought to enhance the capabilities of SSIF representatives serving on the boards of directors of Jordan’s largest national companies, focusing on their pivotal role in formulating strategies aligned with evolving economic landscapes. SSIF CEO Dr. Ezzeddin Kanakrieh inaugurated the Forum by underscoring the critical importance of robust corporate governance in realizing the national development aspirations outlined in the Economic Modernization Vision. He emphasized that these objectives are designed to promote sustainable and inclusive economic growth.
Kanakrieh reiterated the Fund’s dedication to strengthening the effectiveness of its board representatives across key national sectors, fostering transparency, and ensuring institutional efficiency. He highlighted their integral role in crafting and monitoring strategic directions, stressing the necessity of seamless collaboration between board members and executive management to achieve sustainable outcomes and navigate economic and geopolitical challenges effectively.
He emphasized that advancing corporate governance practices aligns with SSIF’s overarching objective of safeguarding the sustainability of its investments while maximizing their positive impact on the national economy. “The Forum exemplifies SSIF’s steadfast commitment to cultivating a transparent and resilient business environment that drives economic growth and delivers enduring value to all stakeholders” according to SSIF CEO.
The Forum concluded with a reaffirmation of SSIF’s commitment to further elevating the performance of its companies through close cooperation with key stakeholders and the adoption of international best practices in corporate governance. This collective effort aims to achieve strategic objectives and bolster Jordan’s sustainable economic development.
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