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FINANCIAL NEWS
Saudi PPA seeks investment opportunities in real estate
07 May 2014
(MENAFN) The Public Pension Agency (PPA), Saudi Arabia’s second-largest pension fund, said it will make more investments in real estate in the Kingdom, according to Arabian Business.
The agency, which is one of the major investors in the local equity market, works on managing retirement schemes for Saudi nationals.
32 percent of the agency”s investments are in listed equities, while 12 percent of which are in real estate.
The PPA’s governor Mohammad Al Kharashi said: “We are open for more investments in real estate. We are open for any good investment opportunity.”
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