Egypt, Saudi Arabia sign MoU in field of social security

CAIRO, April 2 (MENA) - Egypt and Saudi Arabia have signed a memorandum of understanding to exchange expertise, legislation and studies meant to improve services offered to pensioners.

Putting their signatures to the MoU were head of Egypt's social insurance fund Mohamed Saudi and governor of the Saudi Public Pension Agency Mohamed bin Talal al Nahhas, a statement by the Social Solidarity Ministry said Tuesday.

The MoU also aims to protect rights of retirees and manage retirement funds.

This is the first MoU to be signed between the two Arab countries in the field of social security.