Latest news with #SocialSecurityCorporation
Jordan News
2 days ago
- Business
- Jordan News
Extension for Submitting Applications for the Social Security Excellence Award in Occupational Health and Safety
The Social Security Corporation announced the extension of the application period for the 2024/2025 cycle of the Social Security Excellence Award in Occupational Health and Safety for both establishments and individuals, until August 31, 2025. اضافة اعلان In a statement issued by its Media Center, the Corporation stated that the application forms for the award are available electronically at the bottom of its official website, under the option titled "Excellence Award in Occupational Health and Safety." Through this section, establishments and individuals can also access all the details, objectives, terms, and categories of the award. The Corporation added that all inquiries regarding the award can be addressed by contacting the Occupational Safety and Work Injuries Department via telephone at 065501880, extensions 2112, 2115, or 2107, by email at [email protected], or by visiting the Corporation's official Facebook page under the name Social Security Corporation. It also noted that winning establishments will be honored and awarded based on each economic sector. In addition, there will be an Excellence Award for Individuals in three levels, an award for the Outstanding Occupational Health and Safety Committee across economic sectors and at three levels of participating establishments, and an award for Outstanding Occupational Health and Safety Supervisors at three levels as well.
Zawya
2 days ago
- Business
- Zawya
Jordan: SSIF total assets rise to $24bln in H1 2025
AMMAN — The Social Security Investment Fund's (SSIF) total assets increased by JD1.2 billion to JD17.3 billion as of June 30, representing a 7.2 per cent increase and one of the 'strongest' semi-annual performances in the fund's history. In the first half of 2025, SSIF delivered a 'pivotal' performance that underscored its evolving role as a cornerstone in Jordan's financial and economic system, according to an SSIF statement to The Jordan Times. The robust financial results were underpinned by a 119 per cent year-on-year increase in comprehensive income, which reached JD1.1 billion from JD487 million during the same period last year, the fund said. This comprised JD591 million in net returns from investment activities and JD473 million in unrealised gains on the revaluation of strategic equity holdings. An additional JD109 million in actuarial surplus was transferred from the Social Security Corporation, SSIF noted. Net returns from investment portfolios increased by 15 per cent compared to the first half of 2024, driven primarily by bonds of JD296 million, equities of JD207 million, and money market placements JD70 million, in addition to the income real estate and loans portfolios. The fund's share of dividend income from 2024 corporate profits exceeded JD191 million, the highest in its history, reflecting not only robust corporate performance but also the SSIF's rising influence within Jordan's capital markets. These dividends contribute to increased liquidity, enhanced investor confidence, and a more resilient investment environment, reinforcing the foundations for sustainable national growth. As of mid-year, 2025, the fund's portfolio was allocated as follows: bonds 57 per cent, equities 17.1 per cent, money market instruments 14.1 per cent, real estate 5.2 per cent, loans 3.3 per cent, and tourism assets 1.9 per cent. Chairman of the Investment Board Omar Malhas said that the fund's performance marks a 'turning point' in its institutional role; from a conventional asset manager to a proactive, long-term investor shaping national economic priorities. He underscored the SSIF's strategic shift through revised investment priorities, deeper integration in productive sectors, and a focus on high-impact initiatives such as the planned co-financing of the National Water Carrier Project, Jordan's most ambitious infrastructure undertaking to date. Malhas highlighted that this transformation is anchored in disciplined decision-making supported by rigorous financial and technical evaluations. SSIF's investment processes are calibrated towards long-term value creation, insulated from short-term volatility, and aligned with national objectives, he said. Malhas noted that the government's decision to prioritise SSIF as a core investor in flagship development projects signals confidence in the fund's institutional capacity to structure impactful, commercially viable partnerships. He pointed out that this strategic positioning enhances SSIF's stature as a driver of inclusive growth, while also reinforcing its relevance to regional and global investors seeking stable, mission-aligned opportunities. SSIF CEO Izzaldeen Kanakrieh stressed that the fund's 'strong' earnings continue to support sustained asset growth and broader institutional credibility. He described the current phase as one defined by a 'deepening of strategic partnerships,' backed by growing confidence from public and private sector stakeholders. Kanakrieh noted that SSIF operates under a forward-leaning institutional mandate that highlights the early identification and pursuit of high-impact investment opportunities. In recent months, the fund submitted expressions of interest to relevant ministries and national corporations to explore potential collaboration in proposed initiatives across the transport, education and mining sectors, the CEO noted. He added that these efforts are embedded within an integrated governance model consistent with SSIF's long-term vision and the broader goals of the Economic Modernisation Vision. By channelling capital into high-productivity, value-generating sectors, Kanakrieh said that the SSIF strengthens the resilience of the social security system while reinforcing national competitiveness. SSIF is currently updating its strategic plan for the coming years with the aim of responding to economic shifts and capitalising on emerging investment opportunities, said the statement. This includes a comprehensive reassessment of investment priorities, with renewed emphasis on channelling resources towards high-value, productivity-driven sectors. Through this integrated approach, SSIF continues to institutionalise performance excellence, align capital with strategic national priorities, and consolidate its position as a trusted long-term steward of public capital, delivering economic value, financial stability, and developmental impact for generations to come. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan News
2 days ago
- Business
- Jordan News
Al-Khalaileh: Actuarial Study on the Financial Position of the SSC in Final Stages - Jordan News
Acting Director General of the Social Security Corporation (SSC), Dr. Jadallah Al-Khalaileh, confirmed that the actuarial study regarding the corporation's financial position is in its final stages, noting that the figures have not yet been finalized. A comprehensive review of the data and assumptions on which the study is based is currently underway, and the results will be announced with full transparency and clarity once completed. اضافة اعلان Regarding potential amendments to the Social Security Law, Al-Khalaileh clarified that any future proposals to amend the current law will depend on the outcome of the actuarial study, which is still pending. Should the study reveal a need for modifications, the corporation will move forward with those changes through an inclusive national dialogue involving all relevant institutions. Al-Khalaileh emphasized that any future adjustments would aim to preserve the strength and stability of the Social Security Corporation and its financial position, enabling it to fulfill its humanitarian mission. The SSC is an essential pillar of the Kingdom's social and economic protection system. He also stressed the importance of obtaining all information, figures, and data related to the SSC through its official channels, affirming the corporation's openness to cooperation with all national institutions and media outlets. Al-Khalaileh concluded by reaffirming that the overarching goal is to ensure the long-term financial and actuarial sustainability of the Social Security Corporation so that it remains a major insurance umbrella that protects the rights of contributors, in line with its social mission and for the benefit of current and future generations.
Jordan Times
3 days ago
- Business
- Jordan Times
SSIF total assets rise to JD17.3b in H1 2025
AMMAN — The Social Security Investment Fund's (SSIF) total assets increased by JD1.2 billion to JD17.3 billion as of June 30, representing a 7.2 per cent increase and one of the 'strongest' semi-annual performances in the fund's history. In the first half of 2025, SSIF delivered a 'pivotal' performance that underscored its evolving role as a cornerstone in Jordan's financial and economic system, according to an SSIF statement to The Jordan Times. The robust financial results were underpinned by a 119 per cent year-on-year increase in comprehensive income, which reached JD1.1 billion from JD487 million during the same period last year, the fund said. This comprised JD591 million in net returns from investment activities and JD473 million in unrealised gains on the revaluation of strategic equity holdings. An additional JD109 million in actuarial surplus was transferred from the Social Security Corporation, SSIF noted. Net returns from investment portfolios increased by 15 per cent compared to the first half of 2024, driven primarily by bonds of JD296 million, equities of JD207 million, and money market placements JD70 million, in addition to the income real estate and loans portfolios. The fund's share of dividend income from 2024 corporate profits exceeded JD191 million, the highest in its history, reflecting not only robust corporate performance but also the SSIF's rising influence within Jordan's capital markets. These dividends contribute to increased liquidity, enhanced investor confidence, and a more resilient investment environment, reinforcing the foundations for sustainable national growth. As of mid-year, 2025, the fund's portfolio was allocated as follows: bonds 57 per cent, equities 17.1 per cent, money market instruments 14.1 per cent, real estate 5.2 per cent, loans 3.3 per cent, and tourism assets 1.9 per cent. Chairman of the Investment Board Omar Malhas said that the fund's performance marks a 'turning point' in its institutional role; from a conventional asset manager to a proactive, long-term investor shaping national economic priorities. He underscored the SSIF's strategic shift through revised investment priorities, deeper integration in productive sectors, and a focus on high-impact initiatives such as the planned co-financing of the National Water Carrier Project, Jordan's most ambitious infrastructure undertaking to date. Malhas highlighted that this transformation is anchored in disciplined decision-making supported by rigorous financial and technical evaluations. SSIF's investment processes are calibrated towards long-term value creation, insulated from short-term volatility, and aligned with national objectives, he said. Malhas noted that the government's decision to prioritise SSIF as a core investor in flagship development projects signals confidence in the fund's institutional capacity to structure impactful, commercially viable partnerships. He pointed out that this strategic positioning enhances SSIF's stature as a driver of inclusive growth, while also reinforcing its relevance to regional and global investors seeking stable, mission-aligned opportunities. SSIF CEO Izzaldeen Kanakrieh stressed that the fund's 'strong' earnings continue to support sustained asset growth and broader institutional credibility. He described the current phase as one defined by a 'deepening of strategic partnerships,' backed by growing confidence from public and private sector stakeholders. Kanakrieh noted that SSIF operates under a forward-leaning institutional mandate that highlights the early identification and pursuit of high-impact investment opportunities. In recent months, the fund submitted expressions of interest to relevant ministries and national corporations to explore potential collaboration in proposed initiatives across the transport, education and mining sectors, the CEO noted. He added that these efforts are embedded within an integrated governance model consistent with SSIF's long-term vision and the broader goals of the Economic Modernisation Vision. By channelling capital into high-productivity, value-generating sectors, Kanakrieh said that the SSIF strengthens the resilience of the social security system while reinforcing national competitiveness. SSIF is currently updating its strategic plan for the coming years with the aim of responding to economic shifts and capitalising on emerging investment opportunities, said the statement. This includes a comprehensive reassessment of investment priorities, with renewed emphasis on channelling resources towards high-value, productivity-driven sectors. Through this integrated approach, SSIF continues to institutionalise performance excellence, align capital with strategic national priorities, and consolidate its position as a trusted long-term steward of public capital, delivering economic value, financial stability, and developmental impact for generations to come.
Jordan News
3 days ago
- General
- Jordan News
SSC: Voluntary Subscription Enables Over 68,000 Jordanians to Receive Retirement and Disability Benefits - Jordan News
Amman – The Social Security Corporation (SSC) announced in a press release issued by its media center that more than 68,000 Jordanians have been able to access retirement and disability pensions through voluntary subscription to the social security system. اضافة اعلان The Corporation revealed that the number of currently active voluntary subscribers has reached approximately 108,000, urging Jordanians who are not subject to mandatory coverage—including Jordanian expatriates working abroad and Jordanian housewives—to enroll voluntarily in order to secure a comprehensive safety net that provides protection and stability in cases of old age, disability, or death. The SSC explained that Jordanians can submit a voluntary subscription request through their personal account on the Corporation's official website, its mobile application, or the Sanad government app, provided they are at least 16 years old. First-time subscribers must not exceed the age of 55 for women or 60 for men. However, Jordanians over these age limits may still subscribe if they have previous social security contributions and their entitlements have not yet been settled. The Corporation encouraged those interested to reach out with any questions or inquiries regarding voluntary subscription through its interactive chatbot on the official website ( its official social media platforms, via email at [email protected], or by calling 117117 from inside Jordan or +962 6 5008080 from both inside and outside the Kingdom. — (Petra News Agency)
