2024-03-03 - الأحد
Housing Bank Recognizes Several Female Traffic Sergeants on International Women's Day The Housing Bank Launches its “Fast Track” Financing Service for Small and Medium Enterprises Announcing the Khalifa International Award for Date Palm and Agricultural Innovation Winners’ names World Aquatics reveals exciting Egypt Aquatics Festival for May 2023 Embassy of Pakistan, Amman, Jordan Observes Arab Bank Brings Apple Pay to Customers “ The Housing Bank Group’s Net Profit for 2022 Increased by 20.2% over Previous Year, Recommending a Cash Dividend of 25% of the Share Nominal Value “ ARAB BANK GROUP REPORTS NET PROFITS OF $544.3 MILLION FOR 2022, 25% CASH DIVIDENDS LIFESTYLE BRAND CORE NAMED TITLE SPONSOR OF THE FORMULA E 2023 CORE DIRIYAH E-PRIX Jordanian Phosphate and the Omani Investment Authority are discussing joint cooperation The king discusses by telephone with the Sultan of Oman bilateral relations A royal will approving an amendment to Dr. Al-Khasawneh's government Sponsored by the President of the Jordan and Amman Chambers of Industry Crown Prince receives Egypt president upon arrival in Jordan The President of the University of Jordan, Dr. Nazir Obeidat, decided to cancel the university's sixtieth anniversary party, in mourning for the souls of the martyrs of Public Security. The Armed Forces mourn the martyrdom of three employees of the Public Security Directorate The Public Security Directorate announced the martyrdom of Colonel Abdel-Razzaq Abdel-Hafez Al-Dalabeh, Deputy Police Director of Ma'an Governorate The Public Security Directorate announced the martyrdom of Colonel Abdel-Razzaq Abdel-Hafez Al-Dalabeh, Deputy Police Director of Ma'an Governorate Attempt to smuggle 200k Captagon tablets, 2.5 kg crystal meth foiled The Moroccan national team meets its French counterpart in the World Cup semi-finals tonight

SSIF has crucial role in fostering economic growth and sustainable practices, says CEO

SSIF has crucial role in fostering economic growth and sustainable practices#44; says CEO
Nayrouz News Agency : The Social Security Investment Fund (SSIF) plays a crucial role in promoting economic growth and enhancing the business environment by institutionalizing corporate governance and sustainable development principles and practices, said the CEO of SSIF, Ezzeddin Kanakrieh.

The remark came during the eighth forum for corporate governance, organized by the SSIF and the Central Bank of Jordan (CBJ) on Sunday, in the presence of Social Security Corporation (SSC) representatives in companies and banks' boards of directors.

Kanakrieh noted that the SSIF has been conducting forums over the years to discuss different aspects of institutional governance, with plans to specialize further in the future. The current forum specifically targeted representatives on the boards of directors of banks in which the SSC holds a strategic ownership stake. Approximately 44 percent of SSIF's general contributions portfolio is invested in the banking sector.

During the session, which hosted an expert from CBJ, Kanakrieh praised CBJ's role in strengthening corporate governance practices, enhancing banking sector resilience, and stabilizing monetary policy.

He emphasized the importance of the current partnership between the SSIF and the CBJ, which is aimed at strengthening the national economy by establishing a robust institutional system for banks, which is designed to ensure the financial stability of banks and the long-term sustainability of their operations. In addition, he highlighted the role that banks play in achieving societal and environmental sustainability.

The forum also tackled CBJ's instructions on corporate governance for banks, highlighted the crucial role of a bank's board of directors in shaping the bank's objectives, policies, and strategic plans, emphasized the importance of developing policies that focus on the bank's responsibility towards protecting the environment and society, and underscored the need for the board of directors to monitor the performance of executive management in achieving the bank's financial and operational objectives.

The SSIF's investment in the banking sector is a significant part of its portfolio. It also invests in other sectors such as mining, energy, real estate development, tourism, agriculture, services, industry, and development zones, as well as finances major projects in the health, transportation, and logistics sectors through a financial leasing window.
مدينة عمان