New Saudi pension fund aiming for top-10 ranking


RIYADH: Saudi Arabia gave a first glimpse of the ambition behind the merger of two of its pension and insurance funds with a plan to rival the world’s largest investors of its kind.

The new entity will boast assets of over US$250bil (RM1.04 trillion), according to the chief executive officer of Hassana Investment Co, the investment management arm of the kingdom’s General Organisation of Social Insurance (Gosi).

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