IN SAUDI ARABIA, THE GOVERNMENT WILL PAY SIXTY PERCENT OF THE SALARIES OF SAUDI EMPLOYEES IN THE PRIVATE SECTOR AS PART OF THE MITIGATION OF THE COVID CRISIS. KING SALMAN'S ORDER HAS BEEN RELEASED FOR A TOTAL OF 9 BILLION. ASSISTANCE IS INCLUDED IN THE SOCIAL SECURITY SCHEME. ALL THE COMPANIES THAT MEET THE REQUIREMENTS WILL GET HELP. IT WILL BENEFIT OVER 12 LAKH SAUDI EMPLOYEES. THE GOVERNMENT WILL PAY 60% OF THE SALARY IN THREE MONTHS.
ACCORDING TO THE ORDER, THE ADMINISTRATION'S HELP IS TO AVOID CANCELING THE EMPLOYMENT CONTRACT WITH SAUDI NATIONALS IN THE PRIVATE SECTOR. ALL PRIVATE COMPANIES THAT MEET THE RATE OF INDIGENIZATION WILL BENEFIT. THIS IS 60% OF THE SALARY REGISTERED WITH THE GENERAL ORGANIZATION OF SOCIAL INSURANCE. IF YOU HAVE FIVE OR FEWER EMPLOYEES, YOU CAN GET 60% OF ALL SALARY ON APPLICATION. IF THERE ARE MORE THAN FIVE EMPLOYEES, THE COMPANY WILL BENEFIT 70 PER CENT OF THEM. GOSI CHAIRMAN AND FINANCE MINISTER MOHAMMED BIN ABDULLAH AL-JADDAN SAID THE ROYAL DECREE WAS AIMED AT PROTECTING THE JOB SECURITY OF INDIANS AND FOREIGNERS IN THE PRIVATE SECTOR.
COMPANIES CAN APPLY FOR THIS FROM TODAY. THE BENEFIT WILL BE AVAILABLE ON SALARIES STARTING NEXT MONTH. APPLICATION CAN BE MADE THROUGH SANID PORTAL. THE ORDER ALSO STATES THAT THE BENEFICIARY EMPLOYEES SHOULD NOT BE FORCED TO WORK UNDER THE KOVID CONDITIONS.
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