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Investment Decision:
The
Authority receives every month the contribution yields paid in
respect of the insured under the Social Insurance scheme against
provision of retirement pension and other insurance benefits as they
are covered by the Omani Social Insurance Law.
The amounts collected from the contributions are invested, as
investment is one of the major tasks of the Public Authority for
Social Insurance undertaken by the Investment Department of the
Authority thereby implementing the investment decisions issued by
the Authority's Board of Directors and the investment committee
emerging from the Board of Directors.
The investment committee comprised of certain board members in
addition to the Authority's Director General makes the investment
decision. The Board of Directors endorses the investment decisions
by approving the minutes of the meetings of the Authority's
investment committee.
The investment committee meets on regular periodical basis or as and
when required, and the committee may take urgent investment
decisions through (circulation) if required. The committee adheres
to the investment regulations and policies approved by the
Authority's Board of Directors in respect of the investment
decisions it takes. The committee receives the investment-related
issues to study the same and takes the appropriate decisions
regarding these issues through the Investment Department.
The department also solicits investment opportunities, studies and
analyzes the same and then forwards them to the investment committee
supported by detailed information, complete analysis and sufficient
justifications together with the necessary recommendation considered
by the specialists in the department in order to help the investment
committee take the appropriate investment decision in accordance
with the investment regulations regulating the investment,
instructions of the board of directors and its approved investment
policies.
The Investment Department implements the investment decisions,
follows up the different investment-related matters and submits
periodical analysis to the committee in order to monitor the
investment performance.
Types of Investment Assets:
The Authority invests
its funds inside and outside Oman by distributing its investments
locally and externally within specified proportions and diversified
investment assets with an aim to distribute the risks and increase
the returns.
The Authority invests in the following investment assets:
Shares of joint-stock
companies (Locally and externally)
Government and corporate
bonds (Locally and externally)
Alternative investment
instruments (Locally and externally)
Short-term instruments
(Locally and externally)
Real estate investment
(Inside Oman only)
Investment proportions
are distributed amongst the various assets based on instructions
already set out in the executive regulation of investment to always
ensure realization of balance between soundness, profitability and
liquidity of investment in medium and long term.
Finally, the Authority adopts the latest financial and investment
automation systems in its investment, financial and accounting
operations. The Investment Department may show the Authority's
investment performance for any specific period of time including the
accurate individual details.
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