May 26, 2024

Moon Desk: King Salman has issued a royal decree approving an increase in the basic minimum for calculating pensions for those entitled to social security, the Saudi Press Agency reported on Sunday.

The order will see a rise from SR1,100 ($293) to SR1,320 and included other guidance for beneficiaries to continue using and registering with the Citizen Account Program.

In addition, the ruling approved extra financial support for program users for three months, continuing until December.

The Citizen Account Committee has been authorized to add parameters to raising the efficiency of support to ensure it reaches the most deserving groups.

The program was created to protect Saudi households from the impact of global price hikes, and the additional assistance comes as an extension of a previous directive that ended in September.

A royal directive issued in July 2022 allocated additional financial support to program beneficiaries until the end of the fiscal year 2022. As per royal directives issued in January, April, and August, this was extended and registration for the program will now be kept open until December.

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