Tuesday, 02 January 2024 12:17 GMT

Social Security Fund Assets Rise To JD17.3Bln, Record Income Growth


(MENAFN- Jordan News Agency)


Amman, Sep. 1 (Petra) – The Board of Directors of the Social Security Corporation, chaired by Minister of Labor Khaled Bakkar and attended by Director General Jadallah Khalayleh, approved the financial reports of the Social Security Investment Fund for the first half of the year.
In a statement on Monday, the Corporation said the reports showed an unprecedented increase in the Fund's assets of JD1.2 billion, bringing the total to approximately JD17.3 billion at the end of June, a growth rate of 7.2 percent compared with the same period last year.
The reports also indicated a 119 percent surge in comprehensive income, which reached around JD1.1 billion. Income from investment portfolio profits stood at JD591 million, including JD191 million in cash dividends from companies' 2024 profits, the highest in the Fund's history.
The Corporation detailed that these results reflect the disciplined governance approach adopted in managing social security funds, ensuring the sustainability and protection of the rights of subscribers and retirees.
It added that the results underscore the Fund's role as a responsible national arm that balances social protection needs with the drivers of sustainable growth. This, it noted, enhances confidence in institutional investment, supports job creation, and contributes to comprehensive development, reinforcing the Fund's position as a key partner in advancing the goals of the Economic Modernization Vision.

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