Raidah Investment Company (“RIC”) was established in 2007. At that time it was mandated to manage Public Pension Agency’s real estate assets. Local financial assets were managed by the Investment Department at the PPA while international investments were outsourced to a third party.
In 2017, PPA board decided to mandate RIC with managing the entire investment portfolio. Therefore, a new operating model, organizational structure and governance set-up were introduced to match the new mandate. Currently RIC is set up to invest locally and globally across asset classes.
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