The Cabinet on Sunday discussed the regulations for investing from the labor fund and decided that it should be according to a secure policy, avoiding those that rely on speculation in the financial markets and high-risk investment tools.
They also agreed that the labor fund should be invested in local markets as much as possible and to ensure cash liquidity needed to fulfill the labor fund’s commitments and finance their activities. According to the draft decree a committee entitled the Committee of Investments will be established and will handle details and follow-up all issues related to the labor fund investment and review the main plan for opportunities related to investing and monitoring the performance of investment portfolios. The Cabinet decided to refer this matter to the Ministerial Committee for Financial and Economic Affairs to continue studying it.