📌 Key Highlights & Quick Takeaways:
- In Saudi Arabia, it was announced to set a monthly allowance of 500 Riyals and a minimum wage of 5,000 Riyals.
- The Custodian of the Two Holy Mosques, King Salman, issued an order to give a monthly allowance of 500 Saudi Riyals to Saudi employees to de.
- The minimum salary included in the quota (Saudization ratio) of Saudi employees under the 'Nataqat' program in private sector organizations.
In Saudi Arabia, it was announced to set a monthly allowance of 500 Riyals and a minimum wage of 5,000 Riyals.
The Custodian of the Two Holy Mosques, King Salman, issued an order to give a monthly allowance of 500 Saudi Riyals to Saudi employees to deal with the impact of changes in electricity and water rates.
The minimum salary included in the quota (Saudization ratio) of Saudi employees under the 'Nataqat' program in private sector organizations has been set at 5,000 Saudi Riyals, which will be implemented after six months. Twelve months after this initial increase, this minimum salary should increase to 6,000 Saudi Riyals.
Currently, the scope is an official program of the Ministry of Human Resources of Saudi Arabia used to assess the rate of Saudization, i.e., the rate of employment of local Saudi nationals in private companies.
These measures are part of the measures issued by the Shah in the context of recommendations made by the Crown Prince and Prime Minister Mohammed bin Salman to assist citizens.
