Ammon News - Insurance and social protection expert Musa Al-Subaihi, expected that assets of the Social Security Corporation will rise to (13.9) billion dinars by the end of 2022.

Al-Subaihi said in a Facebook post on Saturday that the assets of the Social Security Corporation invested through the Social Security Investment Fund (SSIF) amounted to (13) billion and (568) million dinars, as of 9-30-2022.

He added that these assets are divided into six main portfolios: the money market instruments portfolio, which constitutes (13.3%) of the assets, and the bonds portfolio (55.7%), the loan portfolio (3.4%), the equity portfolio (18.4%), the real estate portfolio (5.6%), and the tourism portfolio (2.3%) of the assets.

He pointed out that the guarantee assets are expected to reach about (13.9) billion dinars by the end of the current year 2022, and that the fund’s revenue for the year 2022 will reach about (580) million dinars, which means achieving a nominal rate of return on investment of approximately (4.5%).

This rate remains less than half what is required by the institution’s actuarial studies, which obliges the investment fund to reconsider its investment strategy, think about new investment portfolios, evaluate the current portfolios, review their ratios and ceilings, and determine their effectiveness.