PAMA shows 7.34 pc annual profit for ’20

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KUWAIT CITY, May 30: The Board of Directors of the Public Authority for Minors Affairs (PAMA) approved the 7.34% annual profits for the year 2020, and the Acting Director-General of the Authority Engr Hamad Al-Barjas, explained in a press statement after its Board of Directors meeting last Thursday, that the Board of Directors considers PAMA’s continuation in achieving profits, despite the difficult economic conditions imposed by the Covid-19 pandemic is a reflection of the integrity of the investment policy pursued by PAMA, as part of the implementation of a deliberate investment strategy.

Al-Barjas added the board reviewed and approved the annual report for 2020 as well as a number of reports on the work and recommendations of the committees. In the area of investment, Al-Barjas explained the Council of Ministers discussed the authority’s annual investment plan for 2021 and the estimated budget for the same year and approved them. – By Abdel Nasser Al-Aslami Al-Seyassah, Arab Times Staff

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