Saudi Arabia: 9 billion riyals for workers affected by the effects of corona

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the king Salman An order excluding Saudi workers, in private sector enterprises affected by the consequences of the Corona virus, from several articles of the unemployment insurance scheme.

Thanks to this support, the employer is entitled, instead of terminating a contract The Saudi worker To apply for social insurance with a request for a monthly compensation payment for his employees by 60 percent of the wage registered in social insurance for a period of three months, with a maximum of nine thousand riyals per month, with a total value of 9 billion riyals.

The Saudi Minister of Finance and Chairman of the Board of Directors of the General Organization for Social Insurance, Mohammed bin Abdullah Al-Jadaan, said that the support mechanism will be according to the conditions stipulated in the unemployment insurance system (Sanid) for the facilities covered by the royal order.

This benefit includes 100 percent of The Saudis Workers in establishments that have 5 Saudi workers or less, and up to 70 percent of Saudis working in facilities where the number of Saudi workers exceeds 5 workers.

In addition, the employer will be exempted from the obligation to pay the monthly wages to the beneficiaries in accordance with the royal order, and the establishment may not compel the worker to work during the compensation period.

Al-Jadaan said that the number of people eligible to benefit from the compensation exceeds one million and two hundred thousand Saudi workers, and the application for compensation begins during the current month of April, and the exchange will be from the first working day in May 2020 to cover the April wage, for Saudi workers in all private sector establishments that could not be She must pay her Saudi workers because of the repercussions of the emerging Corona Virus crisis.

The royal order stipulated that the establishments commit to resume payment of the wages of the beneficiaries in accordance with the royal order, immediately after the compensation ceased, and the establishment shall also continue to pay the wages to the rest of the workers (Saudis and non-Saudis) not covered by this compensation.

On March 20, the Saudi government approved urgent initiatives to support the private sector, especially small and medium enterprises and economic activities most affected by the consequences of the Corona virus, with the size of initiatives amounting to 70 billion riyals, which were exemptions and postponements of some government dues to provide liquidity to the private sector to be able to Its use in managing its economic activities, in addition to the support program announced by the Saudi Arabian Monetary Agency for banks and financial institutions, and small and medium enterprises at an amount of 50 billion riyals at the current stage.

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According to the Saudi Press Agency, “SPA”, King Salman ordered the exclusion of Saudi workers, in private sector enterprises affected by the consequences of the Corona virus, from several articles of the unemployment insurance scheme.

Thanks to this support, the employer has the right, instead of terminating the contract of the Saudi worker, to apply for social insurance by requesting a monthly compensation payment for his workers at 60 percent of the wage registered in social insurance for a period of three months, with a maximum of nine thousand riyals per month, and with a total value of 9 billion riyals.

The Saudi Minister of Finance and Chairman of the Board of Directors of the General Organization for Social Insurance, Mohammed bin Abdullah Al-Jadaan, said that the support mechanism will be according to the conditions stipulated in the unemployment insurance system (Sanid) for the facilities covered by the royal order.

This benefit includes 100 percent of Saudis working in establishments that have 5 Saudi workers or less, and up to 70 percent of Saudis working in facilities where the number of Saudi workers exceeds 5 workers.

In addition, the employer will be exempted from the obligation to pay the monthly wages to the beneficiaries in accordance with the royal order, and the establishment may not compel the worker to work during the compensation period.

Al-Jadaan said that the number of people eligible to benefit from the compensation exceeds one million and two hundred thousand Saudi workers, and the application for compensation begins during the current month of April, and the exchange will be from the first working day in May 2020 to cover the April wage, for Saudi workers in all private sector establishments that could not be She must pay her Saudi workers because of the repercussions of the emerging Corona Virus crisis.

The royal order stipulated that the establishments commit to resume payment of the wages of the beneficiaries in accordance with the royal order, immediately after the compensation ceased, and the establishment shall also continue to pay the wages to the rest of the workers (Saudis and non-Saudis) not covered by this compensation.

On March 20, the Saudi government approved urgent initiatives to support the private sector, especially small and medium enterprises and economic activities most affected by the consequences of the Corona virus, with the size of initiatives amounting to 70 billion riyals, which were exemptions and postponements of some government dues to provide liquidity to the private sector to be able to Its use in managing its economic activities, in addition to the support program announced by the Saudi Arabian Monetary Agency for banks and financial institutions, and small and medium enterprises at an amount of 50 billion riyals at the current stage.







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