On Sunday, a delegation from the Al-Nahda Women’s Network at the Arab Renaissance for Democracy and Development (ARDD) visited the Social Security Investment Fund to learn about the nature of the fund’s work, its investments, and its most prominent achievements.
The President of the Investment Fund, Kholoud Al-Saqqaf, confirmed that this visit reflects the approach in communicating with various civil society organizations as part of the fund’s social responsibility initiatives.
During the meeting, which was attended by a number of fund managers, the financial results of the fund’s work at the end of the third quarter of 2021 were reviewed, as well as the most prominent investments and projects in various sectors, including tourism, banking, financial leasing, manufacturing industries, real estate investment, and agriculture.
The meeting shed light on the overall corporate governance and oversight system that governs the fund’s work and the investment decision-making mechanism that is based on a purely professional basis to ensure a feasible return within acceptable risk levels. The developmental role played by the Fund was also highlighted by entering into investments and establishing projects in various governorates, which contributes to improving the level of services such as health, education, and transportation, in addition to creating job opportunities, employment, as well as activating the related economic sectors, which contributes to activating the economy in these governorates.
The delegation was briefed on the future aspirations of the Fund to invest in a number of sectors, including education and the medical sector, in addition to expanding in some sectors or existing investments such as infrastructure projects and partnership projects between the public and private sectors.
ARDD’s Executive Director, Samar Muhareb, thanked the Investment Fund for hosting Al Nahda Network and commended the Fund’s to preserve and develop the savings of social security subscribers and retirees and achieve the financial sustainability of the social security system, and praised the Fund’s keenness to empower its women leaders. She said that this meeting comes within the framework of Al Nahda Women’s Network to support networking between national institutions for the purpose of exchanging experiences among the network’s members and shedding light on women leaders.