MUSCAT: The Board of Directors of the Ministry of Defence Pension Fund held its second annual meeting, which was presided over by Sayyid Badr bin Saud al Busaidy, Minister Responsible for Defence Affairs and Chairman of the fund’s board.
The meeting reviewed the investment performance of the fund during the last period. The board approved the external auditor report for the accounts of the fund and the financial statements.
The board also examined the real estate investment portfolio in the pension fund and the work progress in the existing real estate projects and future projects. It discussed the investment performance of the fund during the first 10 months of 2018 and the efforts made to achieve good results.
The board emphasised the public investment policy that seeks to achieve the best returns taking into account the changes and challenges facing the global, regional and local economy. It highlighted the need to continue cash flows to cover the financial, investment and pension liabilities of the fund. It also highlighted the need to continue supporting the local feasible projects inside the Sultanate which serve the growth of national economy and create job opportunities for Omanis.
— ONA
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