General Pension and Social Security Authority (GPSSA)

Investor type

PE

Founded

1999

AUM

-

Location

United Arab Emirates

$0-1 m

Investment Ticket

3-5 years

Investment Horizon

Seed

Investment Stage

Sale to strategic investor, IPO

Exit Strategy

Profile

Founded in 1999, General Pension and Social Security Authority (GPSSA) is a public pension fund based in Abu Dhabi, United Arab Emirates. Established in 1999, The funds provide pension benefits and social security for society members. It aims to secure the future of UAE nationals and their families. The authority is mandated to apply the pension and retirement benefits for the UAE nationals in accordance with the provisions of federal laws regarding pensions and social security. The assets of the fund are managed by the executive management team. The General Pension and Social Security Authority (GPSSA) is the responsible UAE-based federal authority mandated to apply pension and retirement benefits for Emiratis (males/females) working in a public or private sector in the UAE or GCC Region, given that they are between 18 to 60 years of age and are fit to work. Employers are required to register their Emirati employees with the Authority no later than one month from their joining date in order to ensure insured individuals, pensioners and beneficiaries enjoy salary contributions upon retirement.

Industry

Security

Region of investment

Middle East

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