SSIF assets reach JD 13.6 billion at the end of the third quarter of this year…

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AMMAN – Managing Director of the Social Security Investment Fund (SSIF), Kholoud Saqqaf, said that the assets of the fund had increased to JD 13.57 billion as of September 30, 2022; by the end of 2021, it had reached JD12.34 billion, bringing the increase to JD1.2 billion, so far with a rate of return on assets of 8.1%, according to Al-Mamlaka TV .اضافة اعلان

Saqqaf said, in a press release on Sunday to announce the investment fund’s most important results for the third quarter of this year, that the fund’s assets were distributed among a number of investment portfolios, as follows: 13.3% money market instruments; loans at 3.4%; 18.4% equity; 55.7% bonds; 5.6% real estate investment; and 2.3% tourism investment.

She added that from the beginning of the year to the end of September, the fund generated income of JD505 million, compared to JD440 million in the same period last year, an increase of 15 %, mainly due to the increase in income generated by money market instruments. , bonds and profits of the investment portfolio.

Saqqaf said the value of the fund’s portfolio in shares amounted to JD 2.48 billion, or 18.4% of the investment fund’s assets, including shares of public joint-stock companies listed on the Stock Exchange. Amman, which reached approximately JD2.2 billion, constituting 12.3% of the total market value of the exchange. The portfolio achieved a rate of return of 26.2% from the beginning of the year until the end of September.

The bond portfolio, which amounted to 55.7% of the fund’s total portfolio at the end of the third quarter of this year, achieved a rate of return of 5.9%, which is one of the the highest returns obtained by the fund’s investment portfolios, in relation to the low level of risk associated with them.

Saqqaf said the fund has continued to increase its real estate investments since the beginning of the year, buying new land, increasing the size of the real estate portfolio to JD754 million by the end of September this year. Its annual value is expected to exceed JD1 million.

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