PASI Board Approves Final Statements for 2017

Muscat, May 13 (ONA) — The Board of Directors of the Public

Authority for Social Insurance (PASI) today held its second meeting for

2018 at its HQs in the Wilayat of Bausher under the chair of Sheikh

Abdullah bin Nasser al-Bakri, Minister of Manpower.

The PASI Board approved the audited financial statements for the

fiscal year ended 31/12/2017. The Board also appointed the external

auditor for the fiscal year ending 31/12/2018.

As for the investment side, the PASI Board reviewed the

performance of the Authority’s local and foreign investments for 2017

which generated good revenues despite the fluctuation of the capital

markets during the paste period.

Further, the PASI Board also reviewed a number of reports that

were raised by the executive management, in addition to a number of

administrative circulars that the Board took necessary decisions

towards them.

Source: Oman News Agency