Saudi public pension reports 9.5% return in 2020

Saudi Arabia’s Public Pension Agency (PPA) saw a 9.5% return on its investments in 2020.

According to the PPA’s annual investment report, the pension fund has investments in 77 firms listed on the Saudi stock exchange.

While more than half of its portfolio is invested in Saudi-based companies, the rest of its holdings are spread across both developed and emerging markets, including four real estate funds and 18 unlisted firms. 

The assets are managed by the agency’s investment arm, Al-Rai’dah Investment Company.

The PPA is also set to merge with General Organization for Social Insurance (GOSI) after the alliance was approved by the Saudi cabinet. The move, which is designed to unify the public and private insurance sector, would create one of the largest investment funds in the kingdom.

©2021 funds global mena

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