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Under the provisions of Article (11) paragraph (C) of the Social Security Investment Fund and Investment Board Bylaw No. (97) of 2014, the Audit Committee shall assume the following duties and powers:
1. Oversee the financial and investment activities of the Social Security Investment Fund and audit its financial reports including its financial data before they are submitted to the Social Security Investment Board.
2. Review the Social Security Investment Fund internal and external auditors’ reports, follow-up on actions taken regarding these reports, and submit their recommendations to the Social Security Investment Board.
3. Submit the internal audit plan to the Social Security Investment Board for approval.
4. Ensure the accuracy and soundness of accounting and auditing procedures.
5. Ensure the Social Security Investment Fund’s compliance with the laws, regulations, and instructions that govern its work.
6. Exercise other powers vested in it by means of executive instructions issued in accordance with the provisions of this Bylaw.
7. Any other tasks assigned to it by the Social Security Investment Board.
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