Breaking News in Jeddah: A royal decree issue by King Salman is said to be allocated SR9 billion as a compensation to the citizens whose jobs have been affected as a repercussion of the pandemic. The amount is an equivalent to $2.4 million!
This royal decree is to exempt all the Saudi’s whose work has been affected, especially those who work in private sectors and facilities. Bare in mind that these people have a family to fend for as well as take care of. Without this decree, these families would be suffering and would maybe even end up in the streets!
This decree will be granting these employees 60% of their stable income on a monthly basis. This will happen through social insurance for the time span of three month with SR9,000 per month.
Mohammed Al-Jadaan, the Finance Minister and Chairman of the Board of Directors of the General Organization for Social Insurance, stated that this support mechanism is under the Sanad scheme for facilities that are already included in the royal decree.
Hopefully, this will be covering 100% of the Saudi Arabians that are already working in facilities that are employing five or less or the opposite, more than five. These employers will be exempted from paying salaries on a monthly basis for beneficiaries as per the degree during this compensation period.
The decree also states that the facility is banned from forcing the employees to work in this compensation period due to the coronavirus pandemic. Also, the number of people who are proven to be qualified for these benefits have exceeded 1.2 million citizens.
On the other hand, the rest of the citizens are allowed to apply for these compensations in this month of April. Also, the payment will commence at the beginning of May.
Other facilities are forced to continue to pay the salaries of the employees, whether Saudi or not, that are not included in the compensation plan. Either way, Saudi Arabia is doing a great job at taking care of their citizens amidst this outbreak!