A new historical performance for “insurance”

0
54
A new historical performance for
Kuwait Finance house Image Source@Al-Qabas

The new administration in the General Organization for Social Insurance continues to achieve successes; It revealed its investment performance for the third quarter of the 2020/2021 fiscal year, as it achieved $ 6.8 billion in investment profits for the period from October 1 to December 31, 2020; For the nine-month period, the portfolio totaled $ 18.9 billion.

This performance represents a new historic achievement in addition to what was achieved in the second quarter of the fiscal year 2020/2021, and continues to reap the fruits of the process of rebuilding the investment sector in the corporation, which included updating investment procedures, policies and governance, in accordance with international best practices, and attracting the best Kuwaiti skills.

And a reflection of the achieved performance, the total assets of the Corporation’s investment portfolio at the end of December 31 last reached 132 billion dollars, with a growth of 19.4%.

The repeated distinguished performance for three consecutive financial periods during the current fiscal year reflects the prudence and durability of the new investment policy, on the one hand, and the record performance of financial markets in 2020 on the other hand, in addition to the fact that the investment sector in the institution was prepared to benefit from the benchmark performance of the markets with controls and commitment.

Source: Al-Qabas

Advertisement

Leave a Reply