GOSI subscribers increase by 30% in 2013

GOSI subscribers increase by 30% in 2013
Updated 29 July 2014
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GOSI subscribers increase by 30% in 2013

GOSI subscribers increase by 30% in 2013

The General Organization for Social Insurance (GOSI) recorded a 30-percent increase in the number of subscribers in 2013.
Most of the 9.1 million members come from the private sector, according to an annual GOSI statistical report.
More than 295,000 people receive pensions worth an estimated SR1.1 billion per month, suggesting that a higher cumulative value has been dished out, said Sulaiman Gwaiz, GOSI governor and vice chairman.
“GOSI’s investment portfolio rose to more than SR114 billion across 86 companies,” he said.
“GOSI also focused on real estate investments, acquiring or investing in 15 buildings worth SR4 billion, in addition to several other buildings under construction.”