The Board of Directors of the General Organization for Social Insurance (GOSI) held a meeting at GOSI Head Office under the chairmanship of GOSI Governor Soliman bin Saad Al-Humayyd, who is also the Vice Chairman of the Board of Directors of GOSI. In a press statement following the meeting, GOSI Governor said "the Board of Directors reviewed a number of issues on its agenda, including the draft budget for the fiscal year 2012. The budget estimated that SR 15 billion would be paid by the Annuities Branch and the Occupational Hazards Branch for pensions and insurance benefits received by Saudi and non-Saudi beneficiaries and their family members. This estimated expenditures represent an increase of 27% over the previous year that would meet the growth in the number of beneficiaries."
