The Social Security Investment Fund (SSIF) affirmed that all of its investment decisions are made within an integrated corporate governance framework, in accordance with the provisions of the Social Security Law and the applicable rules and regulations. This ensures that these decisions are based purely on professional and economic considerations, protecting the rights of contributors and retirees, and contributing to the sustainability and growth of Social Security funds—emphasizing that its decisions are independent of government decision-making.
The Fund explained that its objective is to achieve the best possible investment returns within acceptable risk levels, aligning with its nature as a long-term investor. This enables the Social Security Corporation (SSC) to meet its future obligations toward contributors and retirees. Furthermore, within the scope of its investment mission, the Fund takes national economic directions into consideration whenever they align with established investment principles and professional standards, given its role as a key institutional investor in the national economy.
SSIF: Investment Decisions Go Through Institutional Stages
The Fund clarified that its investment decision process is professional and independent from the government. The Social Security Law clearly defines the powers of:
The Board of Directors of the Social Security Corporation: Responsible for approving the general investment policy and general investment plan.
The Social Security Investment Board: Responsible for making and executing investment decisions within the framework of the investment policy and general plan, according to the powers granted by law.
The Fund added that it adopts an institutional decision-making model based on its investment governance policy and the principles governing its implementation. This policy serves as the reference framework for the Fund’s operational methodology—starting from evaluating the investment opportunity, passing through various stages of study and assessment, and concluding with the final decision.
The investment process begins with studying opportunities through specialized directorates, based on financial, technical, and legal studies, risk analysis, and investment impact assessments. The results are presented to the Fund’s Investment Committee, which makes decisions falling within its authorized powers. Decisions exceeding those powers are referred to the Social Security Investment Board for action, according to the powers specified by applicable laws and regulations.
SSIF: Economic Feasibility Is the Basis for Evaluating Opportunities
The Fund stressed that the evaluation of any investment opportunity is conducted independently and objectively, regardless of the entity owning the project or initiative. It is based on clear professional criteria, including:
Economic feasibility and expected return
Risk level
Impact on portfolio diversification
Alignment with the approved general investment policy
National economic directions are also considered whenever they align with established investment principles, without serving as a substitute for economic feasibility requirements or decision-making standards.
The Fund highlighted that its investment governance framework rests on a comprehensive oversight system ensuring the integrity of decisions while promoting transparency, integrity, and accountability. This oversight includes:
Internal Audit: Carried out by dedicated control units within the Fund.
Oversight Committees: Emerging from the Social Security Investment Board.
Board Oversight: Conducted by the SSC Board of Directors and its oversight committees within their legal powers.
External Audits: Conducted by the Audit Bureau and the external financial auditor.
Periodic Reporting: Submitted to the Parliament and the Council of Ministers under the provisions of the Social Security Law.
Social Security Denies Interference in Its Investment Decisions
The Fund affirmed that claims raised from time to time regarding interference in its investment decisions have no basis in reality or in the legal framework governing its work. Such claims ignore the corporate governance system that governs the investment process, which is built on clear distribution of authority, multiple levels of review, decision-making, and oversight to ensure decision-making independence and professionalism.
Fund Assets Increase to 19.7 Billion Dinars
The Fund added that its results in recent years reflect the efficiency of this system:
As of H1 2026: Total assets rose to approximately 19.7 billion JOD, generating a comprehensive income of 903.8 million JOD during the same period.
In 2025: Assets grew by 2.4 billion JOD to reach 18.6 billion JOD (a growth rate of 15.2% compared to 2024). Comprehensive income reached approximately 2.2 billion JOD at the end of 2025, compared to about 1 billion JOD in 2024 (a 118.5% growth rate).
The Fund noted that it continues to implement its strategy to diversify its investment portfolio by participating in major national projects and strengthening its equity holdings in strategic companies across banking and mining sectors—in accordance with approved standards and long-term goals.
Finally, the Fund stressed that investment decision independence represents a legal and institutional safeguard to protect and grow Social Security funds according to global best practices. This secures the rights of current and future generations of contributors and retirees while reinforcing confidence in the management of Social Security investments.
