Social Security Investment Fund

Social Security Investment Fund

The Social Security Investment Fund was established in 2001 as the dedicated investment vehicle for the Social Security Corporation. The corporation itself collects contributions from private-sector workers and pays defined pension benefits. Omar Malhas chairs the Investment Board. The fund allocates across real estate, infrastructure, tourism and agriculture. It holds direct ownership of five-star hotels including Crowne Plaza Amman and Intercontinental Aqaba. It also controls Al Daman for Development Zones Company, which manages industrial zones in Mafraq and Irbid. Confirmed public equity positions include 16.7 percent of Jordan Phosphate Mines, 17.18 percent of Arab Bank and 28.88 percent of Jordan Telecom. All holdings sit inside Jordan. The fund employs direct ownership structures for its real-asset portfolio. It owns 100 percent of the National Company of Tourism Development and Daman Investment and Agricultural Industries Company. Three solar plants supply power to its hotels and facilities. In March 2024 the fund presented its investment strategy at the Amman Group for Future Dialogues Seminar. The fund's architecture ties investment decisions directly to the parent Social Security Corporation's liability profile. This creates a mandate focused on long-duration Jordanian assets that generate stable cash flows to meet pension obligations rather than external fund commitments.