RELEASE: SSNIT terminates sale of 60 percent stake in four hotels

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

A notice from SSNIT on Friday night, July 12, provided this information.

The 60% share in hotels will no longer be sold.

This is to notify the public that the process to sell off 60% of Social Security and National Insurance Trust (SSNIT)’s ownership in the hotels has come to an end. The Board and Management of SSNIT

The statement from SSNIT stated, “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.”