Osoul Company Says It Doesn't Manage All Pension Fund's Money, Refuses to Reveal Size of Written off Investments
2018-08-02 - 9:05 p
Bahrain Mirror: Osoul Investment Company (the investment arm of public authority for social insurance) said that it manages part of assets of pension fund of the Public Authority for Social Insurance.
The company said that "it is responsible for the investments and money enlisted under its management only and not everything shown in the authority's financial lists," adding that "the authority's financial lists are unified".
It explained that "it is not possible to make a direct comparison between the two financial lists, thus, the comparison is not true".
While, the company decreased the value of investment that were written off, it refused to announce the written off investments. It also didn't reveal their size, nor the party it was investing in.
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