Muscat: The board of directors of the Public Authority for Social Insurance (PASI) held its second meeting of the year today under the chairmanship of HH Dr Mahad Said Ba’Owain, Minister of Labour, Chairman of PASI.

The board of directors lauded the efficiency of its executive institution which, it said, had been able to deliver excellent performance levels, some of which surpassed goals set the first executive milestone within Oman Vision 2040.

The board took note of the good level of stability and balance between income and expenses, as per standard criteria. In turn, this reflected positively on the rate of growth of the Authority’s assets, said the PASI board. 

With respect to investments, the board took a satisfying line with the results achieved despite the devastation caused by the pandemic and its impact on oil prices. The PASI’s investment revenues last year constitute the highest returns since its inception, the board concluded.