SSNIT terminates sale of 60 per cent stake in four hotels
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SSNIT terminates sale of 60 per cent stake in four hotels

The Social Security and National Insurance Trust (SSNIT) has terminated the sale of 60 per cent of its stake in four hotels.

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This was contained in a notice by SSNIT Friday night (July 12)).

“Discontinuation of Sale of 60% stake in Hotels
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,” the statement from SSNIT said.

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