AMMAN —
CEO of the
Social Security Investment Fund (SSIF) Kholoud Al-Saqqaf said on
Sunday that the fund sent an investment letter of intent in the National
Carrier project, noting that the expected value of the fund’s contribution to
the project amounts to $120 million, according to Al Mamlaka TV.
اضافة اعلان
Saqqaf said that
the fund is studying making its contribution reach a maximum of 29 percent of
the capital of the project in partnership with the winning coalition.
The fund’s
assets increased by JD1.1 billion, reaching JD12.3 billion, compared to JD11.2
billion by the end of 2020, Saqqaf said.
She added that
“the increase in the fund’s assets since its establishment in 2003 is 54
percent of the insurance surpluses and about 46 percent of investment returns.”
Saqqaf said this
growth came out of JD575 million in income, and JD411 million in comprehensive
income, which is the result of the high valuation of the existing strategic
shares, in addition to JD135 million in insurance surpluses transferred from
the Social Security Corporation (SSC).
“The profits
from investments amounted to JD575 million, and this is a net profit from
interest on bonds, cash dividends from shares, interest on deposits in banks
and real estate, and interest on loans,” according to Saqqaf.
“We, as a pension fund,
and in accordance with international best practices, must meet three conditions
before we invest: achieving an income from this investment, economic
feasibility and acceptable risks, and that is why investments are distributed
in portfolios that include bonds, shares, real estate, loans, money market, and
tourism,” Saqqaf said.
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