The government is exploring efforts to consolidate major Omani pension funds into an integrated fund with a view to enhancing their performance and yields, according to Darwish bin Ismaeel al Balushi, Minister Responsible for Financial Affairs.
The move will help bring together potentially billions of Omani rials in assets, currently distributed among eight major pension funds, into a single consolidated fund.
“There are ongoing negotiations by the government with eight pension funds on how we can contribute to improving the performance of investments and enhance returns. Both sides — the government and the pension funds — are also of the conviction that if the funds are merged together, it will amount to a large fund that can help attract better talent, with the right expertise and qualifications to manage the investments and assets belonging to the individual funds.
Move to consolidate Omani pension funds | Oman Observer
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