Amman: The House Economy and Investment Committee, chaired by MP Khaled Abu Hassan, visited the Social Security Investment Fund (SSIF) to assess its financial performance, ongoing investments, and future strategic directions. The meeting involved discussions with the fund's chairman and board members about SSIF's role in sustaining the social security system and its significant influence on the national economy.
According to Jordan News Agency, MP Khaled Abu Hassan emphasized the importance of the committee's oversight role and the need to evaluate SSIF's performance. He highlighted SSIF's position as one of the Kingdom's largest institutional investors and its impact on supporting productive sectors. The visit provided the committee with a comprehensive understanding of the fund's governance, risk management, and investment approach to ensure long-term sustainability.
Committee members, including MPs Abdul Basit Al-Kabariti, Mohammad Kataw, Tareq Bani Hani, Salem Abu Dallaa, and Walid Al-Masri, stressed the need for quality investments across governorates. They advocated for investments that leverage each governorate's comparative advantages and emphasized transparency to bolster public confidence in the social security system. They praised the fund's professional and disciplined investment practices.
Omar Malhas, Chairman of the SSIF Board, described the fund as a model of long-term institutional investment. He noted the growth of fund assets from JD1.6 billion in 2003 to JD18.6 billion by the end of 2025, driven by investment profits and cash surpluses transferred from the Social Security Corporation. Malhas outlined the fund's strategic asset management approach, which considers economic cycles and social security obligations.
Malhas also discussed the fund's focus on major national projects, such as the Amra City project and the National Carrier project, which offer significant economic potential. He assured that investment decisions are made independently within the framework of the Social Security Law, emphasizing strategic asset allocation and risk management.
Izzedine Kanakrieh, SSIF CEO, presented preliminary indicators for 2025, revealing an asset growth of JD2.4 billion. This increase was attributed to a rise in comprehensive income and an insurance surplus from the Social Security Corporation. The fund's diverse investment portfolio spans multiple economic sectors and governorates, supporting economic activity and sustainable growth.
Kanakrieh highlighted the ongoing efforts to update the fund's investment strategy to focus on economically impactful investments. This strategy aims to ensure sustainable returns and the ability to meet future social security obligations. SSIF Board members reiterated the importance of enhancing investment presence across the Kingdom and maintaining public communication to build trust and provide reliable information.