Saudi Public Pension Agency Archives

The average Saudi life expectancy is 75 years, and although the official retirement age is about 60 for men and women, about a third retire early after working 25 years in the private sector or 20 in the civil service.

General Organisation for Social Insurance

Saudis may work longer, pay more to fill pension fund gap

Written by Bloomberg

Wed 7 Jul 2021Wed 6 Oct 2021

Faced with an estimated actuarial gap of $213bn at the state-controlled pension fund – the government is weighing proposals to increase the retirement age, according to sources

Latest in Saudi Public Pension Agency

General Organization of Social Insurance

Saudi Arabia to form entity with $29bn in equity holdings

Written by Bloomberg

Thu 17 Jun 2021Wed 6 Oct 2021

The funds hold significant stakes in Saudi Arabian firms, including a combined $8.5 billion holding in Saudi National Bank and a $4.3bn stake in Al Rajhi Bank