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AMMAN- Social Safety Funding Fund (SSIF) CEO Kholoud Saqqaf introduced that SSIF’s property grew to achieve JD12.7 billion on the finish of the primary quarter of 2022 in comparison with JD12.2 billion on the finish of 2021.
These property are distributed over cash market devices that represent 12.5% of SSIF’s whole portfolio, bonds 56.4%, loans 3.2%, fairness 17.5%, actual property 6% and tourism investments 2.5%.
Saqqaf stated that SSIF’s earnings additionally grew to achieve JD 175.3 million at finish of the primary quarter of 2022 in comparison with JD 137.3 million for a similar interval of 2021, representing a development of 27.6%.
SSIF CEO stated that the economic system restoration and the enhancing efficiency of the general public listed corporations and the expansion of their money dividends for 2021 led to enhancing the efficiency of Amman Inventory Change (ASE).
All these elements, based on Saqqaf, had optimistic influence of SSIF’s fairness portfolio that registered 9.7% charge of return as on the finish of March 2022. The e-book income of SSIF strategic fairness portfolio additionally grew to achieve round JD154 million in comparison with JD74 million at finish of the primary quarter of 2021. SSIF money dividends proportion from these corporations’ income is anticipated to achieve round JD103 million.
Bonds portfolio that represent 56.4% from SSIF’s whole portfolio registered 5.8% charge of return that’s among the many highest returns on SSIF funding devices given the comparatively low related threat stage.
The actual property portfolio additionally saved rising to achieve JD 754 million at finish of the primary quarter of 2022 , the Fund additionally signed new long run leasing contracts of owned lands and buildings.
Saqqaf identified that primarily based on the worldwide monetary reporting requirements, SSIF yearly evaluates its actual property portfolio. Primarily based on the analysis outcomes on the finish of 2022, SSIF actual property portfolio market worth registered JD748 million in opposition to its price of JD614 million.
To strengthen the aggressive benefit of its tourism portfolio, the Fund is establishing new touristic and leisure websites in golden triangle, along with resuming the rehabilitation of Crowne Plaza Resort- Petra and InterContinental Resort -Aqaba.
To contribute to the nationwide meals safety and the shift to inexperienced economic system, SSIF continues engaged on its first agricultural mission by a completely owned firm to provide grain, greens, animal feeds and different agricultural merchandise.
SSIF CEO stated that as a strategic long-term investor, the Fund is eager to put money into infrastructure mega initiatives and PPP initiatives; primarily water desalination mission by proudly owning a stake within the mission firm that might be established as soon as the profitable consortium is introduced.
Saqqaf concluded that the Fund is dedicated to work inside complete governance framework to protect SSC pensioners financial savings and contribute to the sustainability of the social safety scheme by present and protentional possible investments in partnership with the non-public sector in lots of sectors similar to mining, healthcare, training, tourism, agriculture, actual property and prescription drugs.
The Fund can be devoted to adapt the very best worldwide practices of disclosure and reporting because it publishes its monetary figures and investments and initiatives briefs on its web site : www.ssif.gov.jo.
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