Jordan News | Latest News from Jordan, MENA
October 24 2021 6:38 AM ˚

SSIF assets rose 8 percent in value in Q3

1.ssif handout new
(Photo: Handout from ssif)
  • +
  • -
AMMAN  — The Social Security Investment Fund (SSIF), the investment arm of the Social Security Corporation, on Sunday announced that its assets jumped 8 percent in the third quarter of 2021, totaling JD12.1 billion compared to JD11.2 billion recorded in the same period of last year.اضافة اعلان

Breaking down its investment portfolio, the fund’s CEO Kholoud Saqqaf said in a press release that bonds make up 57.7 percent, followed by stocks at 17 percent, financial market instruments at 11.8 percent, real estate at 6 percent, loans at 3.4 percent, and tourism investments at 2.5 percent, according to the Jordan News Agency, Petra.

She indicated that the positive figures were driven by higher returns on bonds and financial market instruments, explaining that the fund’s income in the reporting period hit JD440 million, up by 17 percent from the JD375.6 million recorded in the same period of 2020.

“The SSIF is working on a strategic plan for 2022 to 2024 to improve the fund’s financial soundness and attain meaningful outcomes and strong investment returns,” she said, noting that the plan aims at financing a number of national projects in partnership with the private sector to simultaneously contribute to driving the national economy.

Read more Business
NEWS RELATED TO