Saudi Arabia – Saudization of ins. sector jobs ongoing
Wednesday, 10 03 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
The insurance sector in KSA continues the Saudization of management and non-management jobs. The Saudization of jobs in the insurance sector reached 70% at the end of the first quarter of year 2018.
The Saudi Arabian Monetary Authority “SAMA” is keen on implementation of all insurance jobs noting that the Saudization rate was 58% in year 2016.Therefore, the Saudization rate jumped within 15 months exceeding the legal requirement, which states that it should increase by 5% every year.
Source: Al Riyadh newspaper