PPA, GOSI to start asset transfer as of August 1

24/06/2021 Argaam

Logo of the Public Pension Agency (PPA) and the General Organization for Social Insurance (GOSI)


The Public Pension Agency (PPA) will start transferring all assets to the General Organization for Social Insurance (GOSI) as of August 1, allowing the latter to replace PPA in all its responsibilities and liabilities, Umm Al-Qura newspaper reported.

 

The Saudi Cabinet approved on June 15, to merge PPA into GOSI, Argaam reported.

 

Nader A. AlWahibi, Assistant Governor for Insurance Affairs at GOSI, said earlier that PPA would start transferring all assets to GOSI over the coming period through a certain mechanism that will not affect doing business.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.