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FinancialNews
16-01-22
Saudi social insurance agency rearranges investments in 30 firms
(MENAFN) The Saudi government agency in charge of social insurance has rearranged its investments in 30 listed firms in an attempt to gather bigger revenues.
The move came following the General Organization of Social Insurance handled all the holdings of the Kingdom’s Public Pension Agency as part of a union of the two divisions, declared the past month of June.
The rearranging of the government’s assets has been conducted by Hassana Investment Co, the investment division of GOSI established in 2014, as a section of a long-period review.
GOSI has now relocated a portion of its assets in Tadawul-listed firms to completely-owned affiliates.
MENAFN16012022000045013568ID1103545795
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