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The Public Pension Agency (PPA) said total funds disbursed for pensions exceeded SAR 83 billion for 1.2 million retirees and beneficiaries in 2020.
Despite the COVID-19 fallout, the PPA’s investment unit Raidah Investment Co. (RIC) maintained its solid performance, generating an annual return on investments (ROI) of 7.9%, driven by a long-term investment diversification policy, the PPA said in its annual report.
The agency executed more than 275,000 pension transactions in 2020. It also launched Mithaq platform to facilitate services for government authorities, and Taqdeer portal.
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PPA Milestones in 2020 |
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Company |
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Disbursed funds |
SAR 83 bln |
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Annual ROI |
7.9% |
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Complete Pension Transactions |
275,000 |
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Number of Persons Registered In E-Services |
677,000 |
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Number of Integrated Entities |
33 |
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Pension Introduction Service |
1.1 mln |
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Self-Service Devices |
8 |
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Pension E-Cards |
198,000 |
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