Russia and the Middle East
Mon, 16 july 2018Mon
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Saudi King orders new allowances to offset rising cost of living

07.01.2018
King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, King of Saudi Arabia, on Saturday ordered a monthly payment of SAR1,000 as a "cost of living" allowance for a year for citizens of civil and military employees.

The decree orders the payment of 5,000 riyals rewards to military personnel serving at the Kingdom's southern frontline; the payment of (500) five hundred riyals as a cost of living allowance for the retirement pension paid by the Public Pension Agency and the General Organisation for Social Insurance for the beneficiaries of the citizens for one year; the payment of (500) five hundred riyals as a cost of living allowance for the monthly financial provision allocated for social security beneficiaries for one year; and increasing the stipend payments for male and female students by (10 percent) for one year.

King Salman also directed the State to bear the burden of VAT in some situations, including special health and education services as well as the first purchase of a house that is valued at up to SAR850,000.

The annual bonus for citizens of civil and military employees for this fiscal year shall be paid as of 01/01/2018, according to the decree, carried by the Saudi Press Agency.

WAM/Hatem Mohamed
ME-Journal.ru
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