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  • 04-08-14

    Saudi PPA investment decreased 1.7 percent in 2013

    (MENAFN) The Public Pension Agency (PPA), Saudi's second largest pension fund, recorded an 8.1 percent return on its investments in 2013, down from 9.8 percent in 2012, Arabian Business reported.

    The agency's annual report for 2013 shows a return of 25.7 percent in its investments in the Saudi stock market last year, compared with a 25.5 percent growth in the market's main equity index.

    The PPA is one of the major investors in the local equity market, with 32 percent of its total money in 64 listed companies at the end of last year.

    It did not give a monetary value for its equity investments, but its previous annual report said its holdings in 61 listed companies had a market value of USD11.2 billion at the end of 2012.

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