Logo of General Organization for Social Insurance (GOSI)
The General Organization for Social Insurance (GOSI) launched its new real estate arm, Osool Integrated Real Estate Co., in a key step to boost the performance of one of the largest diversified local real estate investment portfolios in the Kingdom.
Osool is now responsible for managing GOSI’s entire income-generating local real estate portfolio. This comes with the aim to upgrade real estate asset management services to be one of the leading companies in its field at the local level, by raising the operating efficiency and keeping pace with the latest international regulations and standards, which reflects on improving customer experience, the company said in a statement.
It further indicated that Osool manages more than 29 real estate, commercial and residential assets across the Kingdom. This includes more than 1,700 buildings with a total leasable area of four million square meters.
Osool was established in April 2022 by GOSI to manage its local investment real estate portfolio. This came after merging all of GOSI’s previous departments and real estate arms into Osool and the acquisition of all their business in real estate management (Jawda, Raza, and GOSI’s property management department), according to Argaam’s data.
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