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Investment Management

Investment Governance Policy

The Social Security Office (SSO) recognizes the importance of effective investment management and
is committed to managing the investments of both the Social Security Fund and the Workmen’s Compensation
Fund with transparency, accountability, and adherence to the principles of good governance. The primary

objective is to achieve stable and sustainable returns within an appropriate level of risk, thereby maintaining
the financial stability of the Funds and contributing to the overall economic security of insured persons,

employees, and society.
The Investment Governance Policy of the SSO consolidates key investment principles, rules, and codes
of ethics related to investment management. It serves as a framework to guide investment operations
and ensure that all personnel are aware of their duties and responsibilities under good investment governance.

This entails investment decision-making that considers not only returns and risks but also corporate
social responsibility, environmental considerations, and sound corporate governance practices of investee
entities. Such an approach reinforces confidence among stakeholders of both the Social Security Fund

and the Workmen’s Compensation Fund, while fostering a business environment that promotes responsible
corporate conduct and good governance within the organizations in which the SSO invests.
The SSO reviews its Investment Governance Policy whenever there are changes to its investment

strategy or significant amendments to related regulations. This ensures that the management of the Funds
remain transparent, governed by strong ethical principles, and conducted efficiently and sustainably
while staying responsive to evolving economic and market conditions.

Investment Management Structure of the Social Security Office
The Social Security Office (SSO) has clearly defined the roles and responsibilities related to investment
policy formulation, supervision, and operational execution. All functions are carried out within the framework

of the law and in accordance with the principles of Investment Governance. This structured approach
enhances stakeholder confidence and supports the stability and sustainable growth of both the Social

Security Fund and the Workmen’s Compensation Fund.

Provide supervision and guidance to the Office Establish rules, regulations, and operational
and the Social Security Committee on investment guidelines to enhance investment efficiency.
policy, annual investment plan, and investment Social
strategy. Security
Committee Provide oversight, policy direction, and management
guidelines in line with the Social Security
Prepare annual investment plans and Committee’s resolutions.
investment guidelines for each asset class
Investment Risk
in accordance with the approved Management Management
investment policy. Subcommittee Subcommittee Implement investment plans
in accordance with established
rules, regulations, and strategies,
Determine investment strategies and Secretary-General as well as the resolutions of
methods to ensure effective investment the Social Security Committee,
is in line with market conditions. Investment Committee (IC)
under the supervision of the
Secretary-General.
Investment Management Division

134 SOCIAL SECURITY OFFICE ANNUAL REPORT 2024