The Social Security Investment Fund (SSIF), the investment arm of the Social Security Corporation, on Sunday announced that its assets jumped by 8 percent in the third quarter of 2021, totaling JD12.1 billion against JD11.2 billion recorded in the same period of last year.
Breaking down its investment portfolio, the Fund’s CEO Kholoud Saqqaf said in a press release that bonds make up 57.7 percent, followed by stocks 17 percent, financial market instruments 11.8 percent, real estate 6 percent, loans 3.4 percent, and tourism investments 2.5 percent.
She indicated that the positive figures were driven by higher returns on bonds and financial market instruments, explaining that the Fund’s income in the reporting period hit JD440 million, up by 17 percent from the JD375.6 million recorded in the same period of 2020.
“The SSIF is working on a strategic plan for 2022-2024 to improve the Fund’s financial soundness and attain meaningful outcomes and strong investment returns,” she said, noting that the plan aims at financing a number of national projects in partnership with the private sector to simultaneously contribute to driving the national economy.
Source: Jordan News Agency