Search Site

Trends banner

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

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.