Amman: The Social Security Investment Fund (SSIF) affirmed its commitment to achieving transparency and institutional disclosure and presenting information about its investments within the proper time and investment context, following recent social media reports about land purchases made in previous years.
According to Jordan News Agency, the SSIF emphasized that investment decisions should be assessed against the economic conditions prevailing at the time and within its long-term investment approach. The SSIF reported that its real estate portfolio stood at about JD1.1 billion at the end of 2025, representing 6.2% of total assets, with a net increase of around JD290 million over historical cost based on preliminary end-2025 financial statements.
The fund stated that it regularly discloses financial data and the performance of its investment portfolios, including real estate. It issued a detailed official statement in 2019 regarding the purchase of a land parcel in the Western Railway Basin/Al-Tunayb area, acquired in 2007. This purchase, according to the fund, was carried out in accordance with the procedures and authorizations in force at the time and at prevailing market prices. It was reviewed by relevant oversight bodies, including the Integrity and Anti-Corruption Commission.
The SSIF highlighted that its broader land and property acquisitions are executed under an approved investment policy aimed at achieving asset diversification and strengthening the real estate portfolio. This is done under institutional procedures that include independent valuations by accredited assessors and multi-level review and decision-making processes aligned with applicable mandates. Real estate assets undergo periodic independent valuations under recognized accounting frameworks, with any changes recorded in the financial statements, including book gains or losses reflecting market fluctuations. The fund stressed that such accounting movements do not constitute realized losses unless an asset is disposed of.
The SSIF mentioned that decisions to develop or invest in land are based on economic feasibility studies that consider real estate market cycles, development costs, and return, risk, and sustainability benchmarks, with the objective of maximizing returns for insured persons' funds. At the start of this year, the fund announced it posted "exceptional" performance, reporting a JD2.4 billion increase in assets to JD18.6 billion, up from JD16.2 billion at the start of the previous year, representing 15% growth. Meanwhile, comprehensive income rose to about JD2.2 billion at end-2025, up from about JD1.0 billion at end-2024, a gain of roughly 118%, reflecting the fund's financial strength and investment management performance.