The Public Pension Agency has spent SR 274 billion since its establishment in 1378H until the end of the fiscal year 1430/1431H for 1,262,412 retirees and beneficiaries, an increase in the retirees by 3.7% in comparison with the previous year. Dr. Ibrahim Al-Assaf, the Minister of Finance and Chairman of the Agency's Board of Directors, pointed out in the annual statistical report that the Agency spent more than SR 31 billion for 911,349 retirees and beneficiaries in 1430/1431H, showing an increase of 11.12% in comparison with the previous year.
