Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National
Overview: King Salman Bin Abdulaziz ordered that the General Organization for Social Insurance (GOSI) pay 60% of 60% of the registered wage in (GOSI) for a duration of 3 months, at a maximum of SR9000 monthly, with a total value of SR9 billion.
The compensation will cover 100% of Saudis working in establishments with five Saudi workers or less. It also covers 70% of Saudis working in establishments with over five Saudi workers or more.
The order stipulated that firms must continue to pay wages for Saudi and non-Saudi workers that were not included in the compensation.
Full details here: https://www.spa.gov.sa/viewfullstory.php?lang=en&newsid=2069887