Ammon News - Ammon news -Ahmad Alhyari- The Social Security Investment Fund (SSIF) provided 61% of its combined assets until the end of 2023, as loans and debt securities, according to the fund’s financial performance data for the year 2023.

The SSIF’s data, a copy of which was received by Ammon News Agency, revealed that the bond portfolio, which invests in debt securities whose maturity date exceeds the date of their issuance, or the date of their purchase by one year, amounted to JD8.445 billion by the end of constituting 57.2% of the fund’s total portfolio.

As for the loan portfolio, which is invested in medium- and long-term loans, its value at the end of 2023 amounted to JD544.8 million, thus constituting about 3.7% of the fund’s total portfolio.

The income generated from the bond portfolio of the SSIF increased by JD483.7 million at the end of 2023, and the size of the SSIF’s assets at the end of 2023 amounted to about JD14.9 billion, compared to JD13.8 billion at the end of 2022, with a growth rate of about 7.6%.

The volume of government borrowing from the SSIF reached JD8.891 billion until the end of November 2023, the figures from the Ministry of Finance showed.

It is noteworthy that the number of treasury bond issues reached 28 issues, of which the fund’s share was 21 issues, and the average interest rate on subscribed treasury bonds reached 6.86%.