SSIF assets reach JD13.6 billion at the end of this year’s Q3

(File photo: Jordan News)
AMMAN — Chief Executive Officer of the Social Security Investment Fund (SSIF) Kholoud Saqqaf said that the fund’s assets rose to JD13.57 billion by September 30, 2022; at the end of 2021 it had reached JD12.34 billion, which brings the increase to JD1.2 billion, so far with a rate of return on assets at 8.1 percent, according to Al-Mamlaka TV.اضافة اعلان

Saqqaf said, in a press statement on Sunday to announce the most prominent results of the investment fund for the third quarter of this year, that the assets of the fund were distributed among a number of investment portfolios, as follows: 13.3 percent money market instruments; 3.4 percent loans; 18.4 percent stocks; 55.7 percent bonds; 5.6 percent real estate investment; and 2.3 percent tourism investment.

She added that since the beginning of the year until the end of September the fund had a JD505 million income, compared to JD440 million in the same period of last year, a 15 percent increase, due mainly to the higher revenue generated from money market instruments, bonds and profits of the investment portfolio.

Saqqaf said that the value of the fund’s portfolio in shares amounted to JD2.48 billion, or 18.4 percent of the investment fund assets, including the shares of public shareholding companies listed on the Amman Stock Exchange, which rose to about JD2.2 billion, constituting 12.3 percent of the total stock exchange market value of the stock exchange. The portfolio achieved a return rate of 26.2 percent since the beginning of the year until the end of September.

The bond portfolio, which amounted to 55.7 percent of the fund’s total portfolio at the end of the third quarter of this year, achieved a return rate of 5.9 percent, which is one of the highest rates of return achieved by the fund’s investment portfolios, compared to the low level of risks associated with it.

Saqqaf said that the fund has continued to boost its real estate investments since the beginning of the year, by purchasing new land, bringing the size of the real estate portfolio to JD754 million by the end of September this year. Its annual value is expected to exceed JD1 million.

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