Khaberni - The Parliamentary Finance Committee, during a meeting held on Wednesday chaired by MP Nimr Al-Sulihat, discussed clarifications from the Audit Bureau's 2024 report related to the Social Security Investment Fund, with the attendance of fund chairman Az Eddin Kanakrieh and several fund directors.
Al-Sulihat emphasized the importance of the social security portfolio as a social protection umbrella for members, stressing that preserving and growing its funds is a national responsibility that requires prudent management and well-considered investment decisions to enhance citizens' confidence in the institution and safeguard their rights.
He noted that the committee reviewed the mechanisms for making and evaluating investment decisions, especially in the real estate portfolio, tourism projects, and investment in government bonds.
He explained that the committee discussed clarifications contained in the report of the Audit Bureau, which focused on investment portfolios, particularly regarding the purchase and evaluation of several tracts of land, in addition to the declining results of the National Company for Tourism Development owned by the fund.
He indicated that the committee recommended that the fund’s administration reconsider the development of the parcels of land mentioned in the report to achieve the best possible investment returns.
In turn, committee members emphasized the importance of following up on the observations and recommendations contained in the Audit Bureau's report and implementing the necessary corrective measures to ensure proper management of the social security fund investments to preserve the member’s funds and enhance their returns.
For his part, Kanakrieh reviewed the financial indicators achieved by the fund over the past year, noting that it generated a comprehensive profit of about 2.2 billion dinars compared to 1 billion dinars in 2024, a growth rate of 118%, with total assets reaching 18.5 billion dinars at the end of 2025, affirming that these results are the fruit of a disciplined investment policy based on transparency.
He mentioned that this income was distributed between about 1.1 billion dinars as net investment portfolio returns, and 1.1 billion dinars resulting from the rise in equity portfolio valuation in the financial market, noting that the dividend distribution revenues from the equity portfolio amounted to 190 million dinars, while the value of the equity portfolio reached 3.5 billion dinars, accounting for 13% of the total investment portfolio.
He also explained the mechanisms of the investment decision process in the portfolios, including investment in government bonds, which are based on governance standards and the evaluation of alternative opportunities, showcasing the investment reality of the tourism portfolio amounting to about 350 million dinars, affirming efforts to activate all investment assets within it.
