Amman, Jan 11 (Petra) – The House Economy and Investment Committee, chaired by MP Khaled Abu Hassan, on Sunday visited the Social Security Investment Fund (SSIF), met with the chairman and members of the fund’s board, and reviewed the its financial performance, existing investments and future strategic directions.
Abu Hassan said the visit comes within the committee’s oversight and legislative role and its keenness to follow up on SSIF's performance given its pivotal role in supporting the sustainability of the social security system, its status as one of the Kingdom’s largest institutional investors, and its significant impact on the structure of the national economy and support for productive sectors.
He added that the visit enabled the committee to gain a comprehensive picture of the fund’s performance and investment approach within an institutional framework based on governance, oversight and risk management, in a manner that ensures the sustainability of investment performance over the long term.
Committee members MPs Abdul Basit Al-Kabariti, Mohammad Kataw, Tareq Bani Hani, Salem Abu Dallaa and Walid Al-Masri stressed the importance of increasing quality investments in the governorates, investing in the comparative advantage of each governorate, expanding investment in major companies listed on the Amman Stock Exchange, and enhancing the delivery of information to the public with transparency in a way that strengthens confidence in the social security system. They said what they reviewed reflects an advanced level of professionalism and discipline and an investment performance characterized by prudence.
For his part, Chairman of the Board of the Social Security Investment Fund Omar Malhas said the fund represents an advanced model of long-term institutional investment. He noted that its assets have risen since its establishment in 2003 from about JD1.6 billion to around JD18.6 billion at the end of 2025. This cumulative growth resulted from investment activity profits amounting to JD10.8 billion, in addition to transfers of cash surpluses from the Social Security Corporation worth JD6.2 billion.
He explained that managing assets representing about 45% of gross domestic product is based on investment decisions within a long-term strategic perspective that relies on an integrated reading of economic cycles and the maturities of social security obligations, with a carefully studied strategic allocation of assets in accordance with clear policies.
Malhas said the fund directs its investments toward major national projects with economic feasibility, most notably the Amra City project, which includes purchasing land at preferential prices up to 30% below their administrative value and converting them into ready investment opportunities under BOT models or financial leasing, in addition to other strategic projects, including the National Carrier project and projects in the mining sector.
He stressed that the fund’s investment decisions enjoy independence within the authorities defined in the Social Security Law and take into account the strategic allocation of assets and acceptable risk levels in a way that achieves added value for the fund’s portfolio and the national economy.
In turn, SSIF CEO Izzedine Kanakrieh reviewed key preliminary indicators of the fund’s results for 2025, saying its assets grew by about JD2.4 billion during 2025 as a result of a rise in comprehensive income to around JD2.2 billion compared with JD1 billion at the end of 2024, a growth rate of 116.5%, in addition to an insurance surplus transferred from the Social Security Corporation amounting to JD200 million.
He explained that this growth in comprehensive income resulted from net returns of the investment portfolios of about JD1.1 billion and a net increase in the valuation of the strategic equity portfolio of about JD1.1 billion.
Kanakrieh said the fund’s assets are distributed across most economic sectors and extend to various governorates of the Kingdom, enhancing sectoral and geographical diversification of the investment portfolio and contributing to supporting economic activity and creating sustainable growth opportunities.
He added that the fund is currently working on updating its investment strategy and reviewing asset allocation in a way that strengthens the orientation toward investments with direct economic impact and ensures the sustainability of returns and the fund’s ability to meet future social security obligations.
Members of the SSIF Board said the fund operates in line with best practices and an approach based on discipline, governance and transparency. They stressed the importance of enhancing its investment presence across the Kingdom’s governorates through well-studied investments that achieve real added value for the investment portfolio and are consistent with economic and development priorities.
They also underlined the importance of communicating with the public to introduce it to the fund’s performance and achievements in a way that strengthens confidence and reflects accurate and reliable information, away from fleeting impressions and interpretations.
//Petra// AF
