INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Minimum pension for Saudi social security beneficiaries up 20%

The pension was raised by 20 percent on the directives of King Salman bin Abdulaziz.
  • The Citizen Account Program will remain in effect while adding certain factors to enhance support efficiency and ensure that benefits are received by the neediest groups.
  • Registration will remain open for Citizen Account Program beneficiaries to get additional financial support for three months until December 2023.

Riyadh, Saudi Arabia — Saudi Arabia’s King Salman bin Abdulaziz Al Saud Sunday issued directives on raising the basic minimum pension for social security beneficiaries by 20 percent.

Meanwhile, the Citizen Account Program will remain in effect while adding certain factors to enhance support efficiency and ensure that benefits are received by the neediest groups, Argaam reported.

Registration will remain open for Citizen Account Program beneficiaries to get additional financial support for three months until December 2023.

The decision was driven by King Salman’s keenness to alleviate burdens for citizens, based on the recommendations made by Crown Prince Mohammed bin Salman.

Social security pension is the amount paid to beneficiaries under the provisions of Social Security Law and is disbursed monthly to orphans, persons who have reached (60 years) or more and persons unable to work permanently for any health reason.