Public Pension Agency says annual return on investments hit 7.9% in 2020

08/01/2021 Argaam

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The Public Pension Agency (PPA) said total funds disbursed for pensions exceeded SAR 83 billion for 1.2 million retirees and beneficiaries in 2020.

Despite the COVID-19 fallout, the PPA’s investment unit Raidah Investment Co. (RIC) maintained its solid performance, generating an annual return on investments (ROI) of 7.9%, driven by a long-term investment diversification policy, the PPA said in its annual report.

 

The agency executed more than 275,000 pension transactions in 2020. It also launched Mithaq platform to facilitate services for government authorities, and Taqdeer portal.

 

PPA Milestones in 2020

Company

 

Disbursed funds

SAR 83 bln

Annual ROI

7.9%

Complete Pension Transactions

275,000

Number of Persons Registered In E-Services

677,000

Number of Integrated Entities

33

Pension Introduction Service

1.1 mln

Self-Service Devices

8

Pension E-Cards

198,000

 

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