Home GCC Saudi Arabia Saudi Arabia raises minimum wage for citizens by 33% The higher minimum wage must be paid for a worker to be counted as part of a company’s quota of citizen employees by Bloomberg November 19, 2020 Saudi Arabia will raise its minimum wage for citizens by a third to SAR4,000 ($1,066), according to a statement by the Ministry of Human Resources and Social Development. The ministry said the decision will be applied for five months from Wednesday, November 18, without giving an exact date. The higher minimum wage must be paid for a worker to be counted as part of a company’s quota of citizen employees, the ministry said. Workers paid between the previous minimum wage of SAR3,000 and SAR4,000 will be counted as half of a Saudi employee. Tags citizens Employees Quota Saudi Arabia Wage 0 Comments You might also like Saudi Arabia taps debt markets with $12bn three-part bond Saudi’s PIF secures $7bn murabaha credit facility Saudi’s Energy Capital Group closes oversubscribed SAR600m fund Oil extends gains on optimism over policy support for growth
