Khaberni - The board of directors of the Social Security Corporation, chaired by the Minister of Labor Dr. Khaled Al-Bakkar and attended by the General Manager of the Corporation Dr. Jadallah Al-Khulaileh and the board members, reviewed the financial performance of the Social Security Investment Fund as of the end of the third quarter of this year.
The Fund's President, Dr. Ezzedine Kanakrieh, showcased the financial performance indicators of the fund, which indicate an exceptional growth in assets to reach around 18 billion dinars at the end of September, with an increase of about 1.7 billion dinars since the beginning of this year.
He added that this growth resulted from an increase in total income to about 1.6 billion dinars, compared with 664.5 million dinars for the same period last year, with a growth rate of 133.5%, in addition to the insurance surplus transferred from the Social Security Corporation amounting to about 164 million dinars. He explained that the total income represents the net income of the fund valued at about 809.6 million dinars, and the net rise in the valuation of the strategic stock portfolio by about 741.7 million dinars.
He mentioned that the improved performance of the investment portfolios reflected on the net income, which increased by 16% compared to the third quarter of last year.
This positive performance reflects the studied investment approach adopted by the fund within a framework of sound governance and disciplined institutional management, focusing on diversifying assets across various portfolios to achieve sustainable returns and maintain performance stability within studied risk levels.
He stated that as a long-term strategic investor in the Amman Stock Exchange, the fund focuses its investments on companies with efficient operational management and stable financial performance, within a sectoral distribution that mitigates risks of return volatility and current market conditions. He noted that the listed stock portfolio in the Amman Stock Exchange saw a notable improvement in its market value during the current year, alongside achieving historically high profits due to the improvement in profits of major companies, including those in which the fund invests.
He explained that the fund invests some of its assets in fixed-income instruments such as deposits, bonds, and loans, which are a main component in the investment portfolios of pension funds, and these investments are managed within the same investment approach that balances between return and risks.
He also mentioned that the fund's investments in bonds are in accordance with the Public Debt Law, where the Central Bank of Jordan issues Jordanian Treasury bonds on behalf of the government through auctions where banks, savings and investment funds, pension funds, including the investment fund, and insurance companies compete. The selection among offers from participants in these auctions is based on the offered prices and their values, and he reaffirmed the government's commitment to periodically paying the interests on bonds and repaying the principal upon maturity.
The fund records a significant investment presence in various economic sectors, prominently in banking, mining, energy, tourism, agriculture, real estate development, and development zones, in addition to financing infrastructure projects in health, transportation, services, and provincial sectors, through strategic investments spanning across the kingdom.
The fund also works to consolidate its role as an active national partner in major projects that are a fundamental pillar for sustainable growth in the kingdom, notably participating in the national water carrier project, alongside attention to a number of projects in the economic modernization vision that contribute to diversifying its investment portfolio and enhancing the productive and developmental impact of its investments.
