Saudi Social Ins. extends support for private sector
Saturday, 10 03 2020, Category: Economy, Country: Saudi Arabia
Saudis working in private sector enterprises affected by the pandemic will receive a three-month extension of support from the government, the Saudi General Organization for Social Insurance (GOSI) announced on Tuesday.
In a statement to the Saudi Press Agency, GOSI said that a Royal Decree ordered the extension of support through “Saned,” an unemployment insurance scheme, starting from November through to January 2021.
The scheme will include a maximum of 50 percent of Saudis working in enterprises still affected by the pandemic, making private sector support extend to a nine-month period.
GOSI explained the mechanism of support, jobs worthy of support, and eligibility conditions to pay the compensations for the additional period. They are based on measures and conditions set by the committee formed by the Royal Decree, which includes the Ministries of Finance, Economy and Planning, Human Resources and Social Development and GOSI.
The organization also confirmed that support will cover housing, travel agencies, tourist tours agencies, reservation services and related activities, air transport, sports, leisure, and artistic and creative activities.
Source: Arab News