The Board of Directors of the Public Authority of Social Insurance (PASI) held its third meeting of the year under the chairmanship of Sheikh Abdullah bin Nasser al- Bakri, Minister of Manpower, Chairman of PASI Board.

The meeting discussed a number of topics on the agenda of the meeting and the adoption of the final accounts of PASI for the fiscal year ended on December 31st, 2013, during which the Board discussed the report of the auditor and the management letter, in addition to the management accounts of PASI management.

It also discussed PASI investment performance during 2012 and the recommendations forwarded to it by the investment committee on a number of domestic and foreign investment opportunities and took appropriate decisions on them.

The Board considered issues relating to the internal control and risk management and reviewed a summary of the work and activities of its standing committees.

The Board considered a number of issues relating to the situation of some of the insured employee and employers, including addressing some cases relating to addable service or monthly repayment cases of subscriptions for some employers, as well as other topics relating to the administrative side of PASI and took appropriate decisions on them.

 

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Public Authority for Social Insurance