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Saudi Latest Merger To Allow It To Compete With World's Largest Insurance Investors
June 21st, 2021 - 01:00 GMT

Saudi Latest Merger To Allow It To Compete With World's Largest Insurance Investors

Saudi Arabia is set to compete with the world's largest insurance investors following the merger of two of its biggest funds. The Saudi Cabinet last week approved merging the Public Pension Agency and the General Organization for Social Insurance (GOSI) to unify the public and private sectors' insurance protection umbrella. The enlarged entity will boast assets of more than $250 billion, Bloomberg reported, citing Saad Al-Fadly, the CEO of Hassana ...
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