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