JD1.5 billion increase in assets since the start of the year
7% stake in Aqaba Railway Project Company
$100 million investment by Jordanian-Omani investment company
اضافة اعلان
15% stake in National Water Carrier Project company, alongside contribution to bank consortium financing
20% stake in IPP7 power generation project company
20% stake in phosphoric acid production project
Fund undergoes major shift toward large-scale investments
Amman — The assets of the Social Security Investment Fund rose to around JD20.1 billion by the end of the third quarter of 2026, compared with approximately JD18.7 billion at the end of 2025. This represents an increase of nearly JD1.5 billion since the beginning of the year, or 8%.
The growth was driven by comprehensive income of around JD1.37 billion during the first nine months of the year, in addition to an insurance surplus of approximately JD110 million transferred from the Social Security Corporation.
Comprehensive income consisted of net fund income of JD879 million and a net increase of approximately JD492.4 million in the valuation of the strategic equity portfolio.
The fund’s net income grew by 8.6% compared with the same period in 2025. The income was generated mainly from the bond portfolio, which contributed JD511.4 million, followed by the equity portfolio at JD248.3 million and money-market instruments at JD86 million, in addition to income from other portfolios.
The fund’s assets were distributed mainly across the bond portfolio, which accounted for 56.2%, equities at 21.3%, money-market instruments at 11.5%, real estate investments at 5.6%, the lending portfolio at 2.4% and the tourism portfolio at 1.6%.
Omar Al-Mulhes, Chairman of the Social Security Investment Fund’s Board, said the fund is a key component of the national economy and bases its decisions on a prudent investment policy and institutional governance frameworks.
He said investment opportunities are assessed according to the policy’s criteria, including returns and acceptable levels of risk, through an approach that balances investment viability with economic impact.
Al-Mulhes explained that, alongside investments in traditional instruments that form the backbone of global pension funds’ portfolios, the fund is undergoing a major shift in its investment strategy by expanding into large-scale, long-term projects in the water, energy, transport and mining sectors through strategic local, regional and international partnerships.
He stressed that this approach allows capital to be directed toward investments that increase the productivity and competitiveness of the national economy while supporting the social security system through two complementary channels: creating jobs that expand the contributor base and increase insurance contribution revenues, and generating investment returns that are reinvested to grow Social Security assets and strengthen their sustainability.
Dr. Ezzeddin Kanakrieh, Director General of the Social Security Investment Fund, said the growth in assets and income reflects the strength of the fund’s investment base as it enters a new phase of expansion combining the development of existing investments with entry into new sectors and major projects.
He said this strategy would broaden the fund’s asset base and strengthen its ability to generate sustainable returns.
Kanakrieh explained that the fund leverages its financial scale and institutional expertise to assess opportunities, enter new investments and build strategic partnerships, allowing it to expand the scope of its investments and diversify its sources of returns.
He added that the fund also considers opportunities for integration among its investments across different sectors. Some projects may enhance the value of existing investments by reducing costs, improving efficiency or expanding value chains, thereby increasing the value generated by the portfolio as a whole.
The fund’s investment activity has recently gained momentum in major projects. The foundation stone was recently laid for the Aqaba–Al-Shidiya–Ma’an railway project.
The fund holds a 7% stake in the project company as part of a strategic Jordanian-Emirati partnership, marking its first investment in railway transport. The project is also expected to support the fund’s existing investments in Jordan Phosphate Mines Company and Arab Potash Company by reducing transportation costs, improving operational efficiency and enhancing their competitiveness.
The fund and Oman Investment Authority also signed an agreement to launch an investment partnership, resulting in the establishment of the Jordanian-Omani Investment Company, headquartered in Jordan and jointly owned by the two parties, with an investment size of $100 million.
For the National Water Carrier Project, the fund established the National Water Investments Company, which is wholly owned by Social Security, to acquire a 15% stake in the project company.
The fund is also completing procedures for its direct contribution to financing the project through a consortium of Jordanian commercial banks.
Recently, the Cabinet approved the fund’s participation with a 20% equity stake in the company implementing the IPP7 combined-cycle power generation project, which aims to strengthen Jordan’s electricity system.
The fund is also completing procedures to acquire a 20% stake in a company established to build a plant producing pure phosphoric acid, in partnership between Jordan Phosphate Mines Company and Arab Potash Company.
The fund continues to assess investment opportunities in the technology, mining and transport sectors and is working to attract strategic partners to launch new projects in Jordan.
This activity reflects a strategy aimed at strengthening the fund’s presence in sectors expected to serve as key drivers of growth in the coming years, while expanding its role as an institutional investor in major projects.
The approach is also intended to enhance the fund’s ability to continue growing Social Security assets, serve the interests of contributors and retirees, and support economic growth and investment activity in Jordan.
