The Board and Management of the Social Security and National Insurance Trust (SSNIT) have announced the termination of the process to divest 60% of their stake in the hotels.
A statement released by SSNIT dated July 12, 2024 announced the termination and reaffirmed it’s dedication to managing the Trust’s affairs prudently and ensuring the sustainability of the Pension Scheme for all pensioners and contributors.
“The Board and Management of Social Security and National Insurance Trust (SSNIT) wish to inform the public that the process to divest 60% of SSNIT’s stake in the hotels has been
terminated.
“We wish to assure pensioners, contributors and the public of our commitment to managing the affairs of the Trust prudently for the sustainability of the Pension Scheme,” it states.
The post SSNIT terminates sale of 60% stake in hotels appeared first on The Business & Financial Times.
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS