SSIF assets reach JD 11.4 billion in Q1 2021 “” Saqqaf

SSIF assets reach JD 11.4 billion in Q1 2021 “” Saqqaf

AMMAN “” Social Security Investment Fund (SSIF ) CEO Kholoud Saqqaf said that the fund retained a good performance throughout the first quarter of 2021 as total assets kept growing to reach around JD11.4 billion, in comparison with JD11.2 million as at the end of 2020.

These assets were distributed over money market instruments that constituted 11.4  per cent of the total portfolio, bonds 58.7 per centt, loans 3.5 per cent, equity 14.7 per cent, real estate investments 6.4 per cent and tourism investments 2.6 per cent, according to a SSIF statement.

Saqqaf said that the fund's income also grew to reach JD137 million in comparison with JD112 million for the same period of 2020, representing a growth of 22 per cent. This was attributed to the growth in the returns from bonds, money market instruments, loans, and the dividends streams from the companies in which SSIF invests. 

The SSIF CEO pointed out that as one of the biggest institutional investors in the national economy, the fund has seized the investment opportunities in many vital sectors. Since beginning of the year, the fund increased its ownership on selective grounds in some strategic companies in the banking and pharmaceutical industries, given also the current