As part of the Social Security Investment Fund’s
efforts to diversify its investment instruments and expand its role in
financing national projects, Daman Leasing Company was established in 2016 as a
wholly owned subsidiary of the Social Security Corporation, serving as a
specialized investment platform for financing strategic projects with economic
viability and developmental impact.
The leasing finance model is based on the Fund or its
subsidiary owning the investment asset, such as buildings or service
facilities, and leasing it to the beneficiary entity under a long-term
contract. The beneficiary, such as the Government of Jordan, makes lease
payments throughout the contract period, covering both financing costs and the
agreed investment return. Ownership of the asset is transferred to the
beneficiary upon completion of payments.
This model enables the efficient implementation of
infrastructure and public service projects while generating stable long-term
returns, in line with the Fund’s role as an institutional investor focused on
asset growth.
The company is currently financing five projects
across the health, transport, and services sectors, with a total value of
approximately JOD 320 million. These projects have generated around 900 direct
jobs and hundreds of indirect employment opportunities during construction,
while supporting infrastructure and public service development across several
governorates.
These investments reflect the Fund’s strategic approach to deploying its investment tools in sectors that directly impact citizens’ lives, such as healthcare, transport, and public services. They contribute to infrastructure development across the Kingdom while generating stable, long-term returns that support asset growth.