Muscat – The Board of Directors of the Ministry of Defence Pension Fund reviewed the investment performance of the fund. The review was done in its annual meeting chaired by H E Sayyid Badr bin Saud bin Harib al Busaidi, Minister Responsible for Defence Affairs.
The board adopted the audit report for the accounts of the fund and the Financial Statements and reviewed the rest of the agenda. The board reviewed the real estate investment portfolio in the pension fund and the work progress in the existing real estate projects and future projects.
It also discussed the investment performance of the fund during the first ten months of the last year. The board emphasised the public investment policy that seeks to achieve the best returns taking into account the changes and challenges facing the global, regional and local economy.
The board urged the importance of doubling efforts and increasing productivity and providing the best pension services on a high basis of efficiency and effectiveness.