SSIF total assets reach JD12.1 billion in Q3 of 2021 — Saqqaf

AMMAN — Social Security Investment Fund (SSIF) CEO Kholoud Saqqaf said that the fund retained a good performance throughout the third quarter of 2021 as total assets grew to reach JD12.1 billion, in comparison with JD11.2 million at the end of 2020.

These assets were distributed over money market instruments that constituted 11.8 per cent of the total portfolio, bonds at 57.7 per cent, loans 3.4 per cent, equity 17 per cent, real estate investments 6 per cent and tourism investments 2.5 per cent, said an SSIF statement.

Saqqaf said that the fund’s income also grew to reach JD440 million in comparison with JD375.6 million for the same period of 2020, representing a growth of 17 per cent. 

This was attributed to the growth in the returns from bonds and money market instruments.

Due to the Amman Stock Exchange’s positive performance, the fund’s public equity portfolio registered around JD441 million unrealised book profits as at the end of the third quarter compared to unrealised losses of JD343 million for the same period of last year.

The SSIF is currently considering investments in several major projects announced by the Public-Private Partnership Unit, including the Aqaba-Amman desalination and water transport project (the national carrier project), in addition to schools, tourism and real estate projects, the CEO noted.

Saqqaf concluded that the fund is currently developing its strategic plan (2022-2025) to further augment SSC financial sustainability and achieve the feasible return of various investments. 

The SSIF publishes its financial reports quarterly on the fund’s website.