Board of directors of Social Insurance Authority held its first meeting on Sunday (September 16, 2018) since its appointment by King Hamad bin Isa Al Khalifa in mid-August.

A local daily said that discussions are still ongoing between the House of Representatives and the Government to discuss bills of retirement law. It reported a source that stressed that the focus is on not giving absolute power to the Social Insurance Authority.

King Hamad bin Isa Al Khalifa issued Decree 42/2018 stipulating the structuring of the General Organization for Social Insurance (GOSI) board of directors.

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.

A local newspaper reported that the Government referred to the House of Representatives new amendments to the pension law that included opinions made previously to the House of Representatives.

Kuwaiti official sources said that Kuwait is to buy shares owned by Public Authority for Social Insurance (pension fund) in Bahraini companies, within its plan to help rescue Bahrain financially.