Search Site

Trends banner

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Saudi Arabia offers 50% discount on accumulated traffic fines before April 18

The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of accumulated traffic fines for violators. Pic: Saudi Gazette
  • The objective is to incentivize offenders to settle their fines within a six-month window from the commencement of the initiative
  • Payment options include either clearing all fines at once or settling each fine individually, provided there are no additional safety-related violations

Riyadh, Saudi Arabia – The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of accumulated traffic fines for violators. The initiative will see a 50% reduction in fines incurred prior to April 18, 2024.

Implemented in collaboration with the Ministry of Finance and the Saudi Data and Artificial Intelligence Authority (SDAIA), the objective is to incentivize offenders to settle their fines within a six-month window from the commencement of the initiative. Payment options include either clearing all fines at once or settling each fine individually, provided there are no additional safety-related violations, Saudi Gazette reported.

For infractions occurring post-implementation, Article 75 of the Traffic Law will govern, offering a 25% reduction for a single violation. However, failure to pay fines after the specified objection period and payment deadline may result in imprisonment and enforcement measures.

The Ministry emphasizes the importance of compliance with traffic regulations to safeguard public safety and avoid further violations.