PIFSS achieves KD 1.81 billion of investment returns

KUWAIT, Kuwait’s Public Institution for Social Security (PIFSS) Director-General Hamad Al-Humaidhi said on Tuesday PIFSS’s investment returns totalled KD 1.81 billion (USD 5.9 billion) for the fiscal year 2017/18 at a proportion of 5.86 percent. The board meeting reviewed the general performance of all sectors of the institution as well as the investment sector, noting that the institution achieved very positive financial results, Al-Humadhi stated in a press release.

The Director-General also mentioned that recent achievements show that the process of restructuring the institution’s sectors and the administrative development began to prove fruitful.

Source: Kuwait News Agency

PIFSS achieves KD 1.81 billion of investment returns

KUWAIT, Kuwait’s Public Institution for Social Security (PIFSS) Director-General Hamad Al-Humaidhi said on Tuesday PIFSS’s investment returns totalled KD 1.81 billion (USD 5.9 billion) for the fiscal year 2017/18 at a proportion of 5.86 percent. The board meeting reviewed the general performance of all sectors of the institution as well as the investment sector, noting that the institution achieved very positive financial results, Al-Humadhi stated in a press release.

The Director-General also mentioned that recent achievements show that the process of restructuring the institution’s sectors and the administrative development began to prove fruitful.

Source: Kuwait News Agency