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Investment Unit of Social Security Corporation generates JD276m profit
09 January 2008
AMMAN – The Investment Unit of the Social Security Corporation (SSC) achieved 23.8 per cent overall return on average assets last year.
Mufleh Aqel, president of the Investment Unit, told a press conference on Tuesday that 17.7 per cent of the overall return came from the change in the value of shares in the strategic portfolio.
The cash return of 4 per cent and the return from the change in the value of real estate, at 2.1 per cent, made up for the rest.
The asset average amounted to JD4,300 million, said Aqel.
The total profit amounted to JD276 million, of which, JD172.5 million was cash, JD90.5 million resulted from the increase in the value of real estate and JD13 million from the increase in the value of shares for trading.
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