Hassana Investment says annual ROI crossed 14% in 2021; benefits from long-term portfolio, markets performance

Logo of Hassana Investment Co.

Hassana Investment Co., the investment arm of the General Organization for Social Insurance (GOSI), achieved an annual return on investment (ROI) of more than 14% in 2021 on its portfolio, benefiting from the long-term strategic distribution and markets performance.

Despite the outstanding returns, the 12-month measurement period is short to assess overall performance, and the impression may be inaccurate, CEO Saad Al-Fadly was quoted by Saudi Press Agency as saying.

The investment strategy of Hassana is long-term due to the nature of GOSI's long-term commitments, and the returns for the three and five years exceeded 12% and 9%, respectively, which are good returns compared to global indicators and peers.

Al-Fadly also indicated that Hassana is looking forward to contributing to Vision 2030 targets by leveraging its economic programs, such as privatization and infrastructure investment programs.

The firm invested over the past year with Saudi Aramco in a $15.5 billion lease and leaseback deal involving its gas pipeline network, in a coalition with BlackRock.

Regarding the impact of the merger between the Public Pension Agency and GOSI on Hassana, Al-Fadly emphasized that this decision will contribute to unifying efforts and raising performance efficiency, including cutting investment and management costs and raising returns.

The merger between Raidah Investment and Hassana Investment teams has been completed, which increased the diversity and efficiency of the investment team.