SSIF Unequivocally Denies Reports of Financing Diplomatic Missions Abroad

SSIF Unequivocally Denies Reports of Financing Diplomatic Missions Abroad

The Social Security Investment Fund (SSIF) has unequivocally denied recently circulated reports alleging that it financed the purchase or construction of Jordanian diplomatic mission buildings abroad, affirming that such claims are inaccurate and based on an outdated proposal that was never approved.
The Fund clarified that the document being circulated dates back approximately thirteen years and relates to an investment concept that was studied at the time but did not proceed beyond the evaluation stage.
The proposal had been structured under a financial leasing model, whereby the Fund would have acquired ownership of certain properties and leased them to the Government of Jordan, generating a stable long-term return in line with the Fund's investment mandate. Under that structure, ownership would have transferred to the Government upon completion of lease payments.
However, following comprehensive technical, legal and procedural assessment, the necessary conditions to support a final investment decision were not met under the prevailing circumstances at the time. Accordingly, the proposal was neither approved nor implemented.
SSIF reaffirmed that all investment decisions are undertaken within a clearly defined institutional governance framework, based on specialized due diligence and formal approvals, and in strict alignment with its fiduciary responsibility to safeguard and grow Social Security funds.
The Fund further noted that its investment activities and financial results are publicly disclosed through official channels, including its website and annual reports, underscoring its continued commitment to transparency and accountability.