SSIF and JPMC explore potential investment opportunities in mining sector
August 20, 2023
Social Security Investment Fund (SSIF) CEO Dr. Ezzeddin Kanakrieh met with Chairman of Jordan Phosphate Mines Company’s Board (JPMC) Dr. Mohammad Thneibat to discuss the Company’s plans to promote its products' competitiveness and establish new projects in mining sector.
During the meeting that was attended by a number SSIF and JPMC managers, Kanakrieh was briefed on JPMC future plans to expand in mining and fertilizers manufacturing industries by transforming phosphate raw material into other products with added values.
The meeting is part of SSIF plan to further promote its strategic partnerships with the private sector to help companies improve their financial position, maintain stable stream of dividends and put sustainability at the center.
It is worth mentioning that SSIF is a strategic investor in a number of mining companies and owns a stake of 16.5% of JPMC, the second largest exporter and the sixth producer of phosphate in the world with a production capacity exceeding 7 million tons of phosphate annually.
