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FinancialNews
13-02-21
Kuwait’s Public Institution for Social Security announces net profits
(MENAFN)Net incomes of USD18.9 billion on investments in the first nine months of the fiscal year 2020-2021 were proclaimed by Kuwait’s Public Institution for Social Security (PIFSS).
This shows it is planned for any fluctuations in global markets, according to report of Asharq Business, stated the institution.
The institution registered earnings of USD6.8 billion in the third quarter of the fiscal year (Oct. 1 to Dec. 31), according to Mishaal Al-Othman, director general of PIFSS. This indicated a 44 percent improvement on the last quarter, and a 57.5 percent improvement compared with the third quarter of the last year.
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