Since its establishment in 2003, the Social Security Investment Unit has achieved superior financial results by recording annual returns on average assets of about 13 percent. This percentage is considered one of the highest returns achieved when compared with other investment funds and financial and banking institutions. The assets of the Unit grew by around 188 percent from 1.6 billion JD on 1/1/2003 to 4.6 J.D. billion on 31/12/2008.
About 87 percent of the increase in assets over the past five years is attributed to profits and growth in the value of assets as calculated according to International Financial Reporting Standards (IFRS). The remaining 13 per cent of the increase in assets represents the surpluses channeled by the Social Security Corporation during those years.
The investment policy of the Unit is based fundamentally on constructing an optimal allocation of assets within acceptable risk levels over a long-term time investment horizon. Our investment decisions are taken independently of external interference with an emphasis on achieving sustainable and healthy targeted returns while ensuring the highest standards of corporate governance in our portfolio companies. Concurrently, we are cognizant of the need to provide the necessary liquidity to face future obligations to the beneficiaries of the Social Security Corporation and contributing to national economic growth.
Faris Sharaf