Kanakrieh: SSIF's funds are safe, no alternative to government

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Home Business Kanakrieh: SSIF's funds are safe, no alternative to government 02-01-2024 01:21 PM Ammon News - The head of the Social Security Investment Fund (SSIF), Ezzeddin Kanakrieh, confirmed Tuesday the the SSIF's funds are safe. Kanakrieh added, during the Parliamentary Finance Committee meeting on Tuesday, that the government is not late in paying the money it owes to the Fund. The Fund feels comfortable when it owes the government, Kanakrieh added, pointing out that there is no alternative to the government, as the Fund places money in banks, which prevents obtaining greater interest. Kanakrieh also noted that the Fund's contribution to the stock market is excellent, with the total market value amounting to approximately 14.4%. The Social Security Investment Fund sent a letter of interest regarding the national carrier project, he stated.

Home Business

Kanakrieh: SSIF's funds are safe, no alternative to government

02-01-2024 01:21 PM

Ammon News - The head of the Social Security Investment Fund (SSIF), Ezzeddin Kanakrieh, confirmed Tuesday the the SSIF's funds are safe.

Kanakrieh added, during the Parliamentary Finance Committee meeting on Tuesday, that the government is not late in paying the money it owes to the Fund.

The Fund feels comfortable when it owes the government, Kanakrieh added, pointing out that there is no alternative to the government, as the Fund places money in banks, which prevents obtaining greater interest.

Kanakrieh also noted that the Fund's contribution to the stock market is excellent, with the total market value amounting to approximately 14.4%.

The Social Security Investment Fund sent a letter of interest regarding the national carrier project, he stated.

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