Public Pension saw higher RoI; plans to invest in privatization: report

18/05/2019 Argaam

 

Saudi Arabia’s Public Pension Agency (PPA) has seen improved return on investment (RoI) in 2017 and 2018, Al-Eqtisadiah reported, citing PPA governor Mohammed bin Talal Al-Nahas.

 

The rise in returns is attributed to the developed investment mechanism through its investment arm Al Ra’idah Investment Company, as well as implementing the best national and international governance models, as per the agency’s strategy 2022, he said.

 

As for PPA’s strategic plans, the agency is ready to invest in the government’s privatization program, especially in the fields of health, entertainment, Hajj and Umrah, alternative energy, and transport, he added.

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