In Response To Rising Global Prices, Saudi King Approves Allocation Of SR20 Billion
Category:
Saudi Arabia
SPA reported that King Salman Bin Abdul Aziz approved the allocation of 20 billion riyals to cope with the fallout from rising global prices on Monday.
The Social Security and Account Citizen programmes will receive half of the allocated money (10 billion riyals).
As a result of rising prices, Crown Prince Mohammed bin Salman proposed supporting Saudi citizens.
An additional salary of 2 billion riyals will be given to the beneficiaries of the Social Security Programme under the royal allocation.
Account Citizen Programme beneficiaries will receive 8 billion riyals.
05 Jul, 2022
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