Good news .. Saudi Arabia exempt these establishments from the financial compensation for 3 years

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Source: Dubai – Arabic.net

The Council of Ministers in Saudi Arabia decided to exempt the small establishment with a total workforce of 9 workers or less, including its owner, from paying the financial compensation.

A statement to the Saudi Press Agency stated that the exemption will be for two of the expatriates working in the facility if the owner is full-time to work in it, and registered with it in social insurance.

Four of the expatriates working in the facility will be exempted if at least one of the employees is in addition to the owner of the facility in which he works, and in all cases the maximum that can be exempted is only four arrivals.

The Council of Ministers noted the issuance of the royal decree to support and support the private sector, especially small and medium enterprises and economic activities most affected by the consequences of the global pandemic, and its guarantee of monthly financial compensation that benefits more than 1.2 million citizens working in the affected facilities, for a period of three months, with support The amount of 9 billion riyals, to mitigate the social and economic effects of the pandemic, and to take measures to ensure the safety of citizens and residents.

The Council appreciated what had been announced and started implementing initiatives to mitigate the impact of the Corona pandemic crisis, which had a financial impact of 120 billion riyals, including initiatives approved by the Custodian of the Two Holy Mosques in the amount of 70 billion riyals, in order to facilitate the private sector’s access to liquidity and enable it to achieve its role in the economy, In addition to the support program in the amount of 50 riyals, which was announced by the Saudi Arabian Monetary Agency for banks, financial institutions and medium and small enterprises, to contribute to countering the pandemic risks and mitigating their impact on the national economy.







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