PPA, GOSI hold shares in AstraZeneca, HSBC: report

17/06/2021 Argaam

Logo of Public Pension Agency and General Organization for Social Insurance

The Public Pension Agency (PPA) and the General Organization for Social Insurance (GOSI) own shares worth $207 million (SAR 776.25 million) in AstraZeneca, Bloomberg reported.

 

The two institutions also own shares worth $170 million (SAR 637.5 million) in HSBC.

 

According to data compiled by Argaam, the Saudi Cabinet approved on June 15, to merge PPA into GOSI, to ensure the optimal resource utilization, enhance the operational and financial efficiency, and improve client services.

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