Saudi investment firm RIC joins ISLA 27 May 2021Saudia Arabia Reporter: Alex Pugh
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A Saudi investment firm is the latest member of the International Securities Lending Association (ISLA).
Raidah Investment Company (RIC), set up in 2007, manages the entire investment portfolio of Saudia Arabia鈥檚 Public Pension Agency (PPA), which pays the country鈥檚 civil and military pensioners and retired employees.
RIC is set up to invest locally and globally across asset classes and, based on a clear investment strategy, RIC says it manages PPA鈥檚 portfolio in line with the best global practices to maximise investment return consistent with prudent risk.
ISLA announced on Tuesday that it is 鈥渄elighted to welcome鈥� Raidah Investment Company as a new member of the Association.
ISLA is the industry鈥檚 voice across Europe, Middle East and Africa and has over 160 members across 28 countries, representing all facets of the securities lending market including institutional investors, banks, broker-dealers, service providers and alternative investment managers.
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