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3/22/2018 AD

 His Excellency the Minister of Civil Service announced strategy of PPA 2022

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PAA announced its strategy 2022, and affirmed its commitment to develop all the services according to the vision of the Kingdom of Saudi Arabia 2030. Under the leadership of the Government of the Custodian of the Two Holy Mosques that focuses on pensioner service and improving pension schemes, the housing funding program serves the pensioners as well as government employees. PPA is keen to develop investment abilities through attracting and building qualified staff in investment and risk management that results in achieving best revenues. It is worth mentioning that PPA is working with the private sector to provide special offers and services for pensioners and beneficiaries as an add on for the existing services in all regions of the kingdom.
PPA strategy stated that its vision is "Leadership and reliability in the field of social protection", its mission is "Enhancing the prosperity and tranquility of subscribers and pensioners" and its value is "Focusing on service recipient, flexibility, cooperation, quality and excellence.
On this occasion, His Excellency The Minister of Civil Service, Chairman of the Board of Directors of PPA, Mr. Sulaiman bin Abdullah Al-Hamdan stressed on the attention paid from the Government of the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz and Crown Prince His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, for civil and military pensioners. He stressed on the commitment of PPA to develop all its services subject to the vision of the Kingdom 2030.
His Excellency said that the strategy of PPA includes several main elements including: First) to provide excellent services for subscriber and pensioner and to keep all their accurate and updated data in order to enhance digital transactions.
Second) to build strong capabilities in investment, risk management, asset distribution and to improve investment processes.
Third) to improving and develop pension schemes in coordination with the concerned government agencies.
Forth) to improve the organizational structure of PPA, to divide the business and core functions, and to upgrade the organizational health with a focus on accountability and leadership.
Fifth) to enhance the governance model and improve the Board's Investment Committee regulations, complete the structure of specialization, define responsibilities and enhance flexibility to optimize investment opportunities.
Sixth) to develop human capital and to employ new processes to train the staff, to attract the outstanding competencies in the required specialty and to reorganize the performance management culture.
His Excellency pointed out that PPA has taken practical steps towards reforming the pension schemes, enhancing investments and diversifying to raise the revenues within an effective and flexible framework of government and risk management. "It will also intensify the efforts to develop services for subscriber, pensioner and beneficiary and will coordinate with the private sector to provide more offers and benefits addressed to them", he said.
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