Government debt represents investment for SSIF, CEO says
SSIF Chief Executive Officer Dr. Izzeddin Kanakrieh said that the government's debt to the fund represents an investment through government bonds.
The investment process is competitive, as the government issues bonds through the Central Bank of Jordan, allowing the fund and other interested financial institutions to submit bids based on studies conducted by the fund, , Kanakrieh explained at the Government Communication Forum on Tuesday.
He also said investing in government bonds is among the fund's most financially viable investments, providing regular returns that support the stability of its investment portfolio's income.
Kanakrieh added that the government is committed to paying interest to all bondholders, stressing that there are currently no overdue government bond payments, as obligations are settled on time.
He revealed that cumulative returns from the fund's bond portfolio have reached approximately JD5.2 billion since its establishment.
The SSIF CEO said the fund's total assets reached approximately JD20.1 billion by the end of the third quarter of 2026, compared with JD18.7 billion at the end of 2025, an increase of nearly JD1.5 billion, or 8 percent.
He added that the fund's net income reached JD879 million during the first nine months of 2026, marking an 8.6 percent increase compared with the same period in 2025. Comprehensive income reached approximately JD1.37 billion, including a net increase of JD492.4 million in the valuation of its strategic equity portfolio. The fund also received approximately JD110 million in insurance surplus transfers from the Social Security Corporation.
Kanakrieh explained that the fund was established in 2003 with assets of JD1.6 billion, which have since grown to approximately JD20.1 billion, driven by investment profits totaling around JD12.1 billion and cash surplus transfers of approximately JD6.4 billion from the Social Security Corporation.
He said the fund's investment portfolio consists of bonds at 56.2 percent, equities at 21.3 percent, money market instruments at 11.5 percent, real estate investments at 5.6 percent, loans at 2.4 percent and tourism investments at 1.6 percent, in addition to investments across various economic sectors in the Kingdom's governorates.
Kanakrieh stressed that the fund is shifting its investment strategy toward expanding participation in major national projects, developing existing investments and diversifying income sources to generate viable and sustainable returns for contributors and retirees while supporting national economic growth. He noted that the fund purchased 51,000 dunums of land in the Amra City project at a 30 percent discount on the land's administrative value.
He said the fund will acquire a 15 percent stake in the National Water Carrier Project Company and contribute to financing the project through a consortium of Jordanian commercial banks. The fund is also finalizing procedures to acquire a 20 percent stake in a project company developing a purified phosphoric acid production plant in partnership with Jordan Phosphate Mines Company and Arab Potash Company.
The Cabinet approved the fund's participation through a 20 percent equity stake in the IPP7 Combined-Cycle Power Generation Project Company, while the fund holds a 7 percent stake in the Aqaba–Shidiya–Ma'an Railway Project Company under a strategic Jordanian-Emirati partnership, , Kanakrieh explained.
The establishment of the Jordanian-Omani Investment Company in partnership with the Oman Investment Authority, with equal ownership between the two parties and an investment size of $100 million, as part of efforts to strengthen investment partnerships and expand opportunities, He highlighted.
Kanakrieh also said the fund continues to work on other projects, including the rehabilitation of the InterContinental Aqaba Hotel, the development of a beachfront hotel in Aqaba, land development in Al-Hummar and Al-Qastal, and the establishment of a solar power plant in Shobak. He added that the fund is also strengthening its investments in banking, tourism, mining, telecommunications, agriculture, pharmaceuticals and real estate development.
He stressed that investment decisions undergo specialized studies and institutional review stages, beginning with the relevant departments, followed by the Investment Committee and the Investment Board, within a framework of governance, oversight and risk management. He also emphasized the importance of maintaining sufficient liquidity to meet the Social Security Corporation's future obligations.
Kanakrieh explained that the fund's investments aim to generate direct financial returns while also contributing indirectly to economic growth and job creation, helping expand the number of social security contributors, increase insurance revenues and ensure the sustainability of social security funds for future generations.
SSIF Chief Executive Officer Dr. Izzeddin Kanakrieh said that the government's debt to the fund represents an investment through government bonds.
The investment process is competitive, as the government issues bonds through the Central Bank of Jordan, allowing the fund and other interested financial institutions to submit bids based on studies conducted by the fund, , Kanakrieh explained at the Government Communication Forum on Tuesday.
He also said investing in government bonds is among the fund's most financially viable investments, providing regular returns that support the stability of its investment portfolio's income.
Kanakrieh added that the government is committed to paying interest to all bondholders, stressing that there are currently no overdue government bond payments, as obligations are settled on time.
He revealed that cumulative returns from the fund's bond portfolio have reached approximately JD5.2 billion since its establishment.
The SSIF CEO said the fund's total assets reached approximately JD20.1 billion by the end of the third quarter of 2026, compared with JD18.7 billion at the end of 2025, an increase of nearly JD1.5 billion, or 8 percent.
He added that the fund's net income reached JD879 million during the first nine months of 2026, marking an 8.6 percent increase compared with the same period in 2025. Comprehensive income reached approximately JD1.37 billion, including a net increase of JD492.4 million in the valuation of its strategic equity portfolio. The fund also received approximately JD110 million in insurance surplus transfers from the Social Security Corporation.
Kanakrieh explained that the fund was established in 2003 with assets of JD1.6 billion, which have since grown to approximately JD20.1 billion, driven by investment profits totaling around JD12.1 billion and cash surplus transfers of approximately JD6.4 billion from the Social Security Corporation.
He said the fund's investment portfolio consists of bonds at 56.2 percent, equities at 21.3 percent, money market instruments at 11.5 percent, real estate investments at 5.6 percent, loans at 2.4 percent and tourism investments at 1.6 percent, in addition to investments across various economic sectors in the Kingdom's governorates.
Kanakrieh stressed that the fund is shifting its investment strategy toward expanding participation in major national projects, developing existing investments and diversifying income sources to generate viable and sustainable returns for contributors and retirees while supporting national economic growth. He noted that the fund purchased 51,000 dunums of land in the Amra City project at a 30 percent discount on the land's administrative value.
He said the fund will acquire a 15 percent stake in the National Water Carrier Project Company and contribute to financing the project through a consortium of Jordanian commercial banks. The fund is also finalizing procedures to acquire a 20 percent stake in a project company developing a purified phosphoric acid production plant in partnership with Jordan Phosphate Mines Company and Arab Potash Company.
The Cabinet approved the fund's participation through a 20 percent equity stake in the IPP7 Combined-Cycle Power Generation Project Company, while the fund holds a 7 percent stake in the Aqaba–Shidiya–Ma'an Railway Project Company under a strategic Jordanian-Emirati partnership, , Kanakrieh explained.
The establishment of the Jordanian-Omani Investment Company in partnership with the Oman Investment Authority, with equal ownership between the two parties and an investment size of $100 million, as part of efforts to strengthen investment partnerships and expand opportunities, He highlighted.
Kanakrieh also said the fund continues to work on other projects, including the rehabilitation of the InterContinental Aqaba Hotel, the development of a beachfront hotel in Aqaba, land development in Al-Hummar and Al-Qastal, and the establishment of a solar power plant in Shobak. He added that the fund is also strengthening its investments in banking, tourism, mining, telecommunications, agriculture, pharmaceuticals and real estate development.
He stressed that investment decisions undergo specialized studies and institutional review stages, beginning with the relevant departments, followed by the Investment Committee and the Investment Board, within a framework of governance, oversight and risk management. He also emphasized the importance of maintaining sufficient liquidity to meet the Social Security Corporation's future obligations.
Kanakrieh explained that the fund's investments aim to generate direct financial returns while also contributing indirectly to economic growth and job creation, helping expand the number of social security contributors, increase insurance revenues and ensure the sustainability of social security funds for future generations.
SSIF Chief Executive Officer Dr. Izzeddin Kanakrieh said that the government's debt to the fund represents an investment through government bonds.
The investment process is competitive, as the government issues bonds through the Central Bank of Jordan, allowing the fund and other interested financial institutions to submit bids based on studies conducted by the fund, , Kanakrieh explained at the Government Communication Forum on Tuesday.
He also said investing in government bonds is among the fund's most financially viable investments, providing regular returns that support the stability of its investment portfolio's income.
Kanakrieh added that the government is committed to paying interest to all bondholders, stressing that there are currently no overdue government bond payments, as obligations are settled on time.
He revealed that cumulative returns from the fund's bond portfolio have reached approximately JD5.2 billion since its establishment.
The SSIF CEO said the fund's total assets reached approximately JD20.1 billion by the end of the third quarter of 2026, compared with JD18.7 billion at the end of 2025, an increase of nearly JD1.5 billion, or 8 percent.
He added that the fund's net income reached JD879 million during the first nine months of 2026, marking an 8.6 percent increase compared with the same period in 2025. Comprehensive income reached approximately JD1.37 billion, including a net increase of JD492.4 million in the valuation of its strategic equity portfolio. The fund also received approximately JD110 million in insurance surplus transfers from the Social Security Corporation.
Kanakrieh explained that the fund was established in 2003 with assets of JD1.6 billion, which have since grown to approximately JD20.1 billion, driven by investment profits totaling around JD12.1 billion and cash surplus transfers of approximately JD6.4 billion from the Social Security Corporation.
He said the fund's investment portfolio consists of bonds at 56.2 percent, equities at 21.3 percent, money market instruments at 11.5 percent, real estate investments at 5.6 percent, loans at 2.4 percent and tourism investments at 1.6 percent, in addition to investments across various economic sectors in the Kingdom's governorates.
Kanakrieh stressed that the fund is shifting its investment strategy toward expanding participation in major national projects, developing existing investments and diversifying income sources to generate viable and sustainable returns for contributors and retirees while supporting national economic growth. He noted that the fund purchased 51,000 dunums of land in the Amra City project at a 30 percent discount on the land's administrative value.
He said the fund will acquire a 15 percent stake in the National Water Carrier Project Company and contribute to financing the project through a consortium of Jordanian commercial banks. The fund is also finalizing procedures to acquire a 20 percent stake in a project company developing a purified phosphoric acid production plant in partnership with Jordan Phosphate Mines Company and Arab Potash Company.
The Cabinet approved the fund's participation through a 20 percent equity stake in the IPP7 Combined-Cycle Power Generation Project Company, while the fund holds a 7 percent stake in the Aqaba–Shidiya–Ma'an Railway Project Company under a strategic Jordanian-Emirati partnership, , Kanakrieh explained.
The establishment of the Jordanian-Omani Investment Company in partnership with the Oman Investment Authority, with equal ownership between the two parties and an investment size of $100 million, as part of efforts to strengthen investment partnerships and expand opportunities, He highlighted.
Kanakrieh also said the fund continues to work on other projects, including the rehabilitation of the InterContinental Aqaba Hotel, the development of a beachfront hotel in Aqaba, land development in Al-Hummar and Al-Qastal, and the establishment of a solar power plant in Shobak. He added that the fund is also strengthening its investments in banking, tourism, mining, telecommunications, agriculture, pharmaceuticals and real estate development.
He stressed that investment decisions undergo specialized studies and institutional review stages, beginning with the relevant departments, followed by the Investment Committee and the Investment Board, within a framework of governance, oversight and risk management. He also emphasized the importance of maintaining sufficient liquidity to meet the Social Security Corporation's future obligations.
Kanakrieh explained that the fund's investments aim to generate direct financial returns while also contributing indirectly to economic growth and job creation, helping expand the number of social security contributors, increase insurance revenues and ensure the sustainability of social security funds for future generations.
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Government debt represents investment for SSIF, CEO says
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