The Saudi monarch King Salman issued a royal order approving an allocation of $5.32 billion (SR20 billion) to help citizens mitigate the impacts of rising global prices,
Half of the allocated money will go to social insurance beneficiaries and the Citizen Account Program, Arab News reports citing the state-run news agency SPA.
The remainder will be directed to increasing the strategic stock of basic materials to ensure their availability. Under the order a total of SR2 billion will be allocated for the payment of an additional pension to be disbursed once only for the social security system beneficiaries in 2022.
Registration in the Citizen’s Account Program will be reopened in line with the previously announced regulations, reports add.
King Salman issued a royal order approving allocation $5.32 billion to help citizens mitigate impacts of rising prices
