King Salman agrees on USD5.32B to aid citizens | MENAFN.COM

Saturday, 13 August 2022 12:53 GMT

King Salman agrees on USD5.32B to aid citizens


(MENAFN) Saudi Arabia’s King Salman on Monday released a royal order agreeing on distribution of SR20 billion (USD5.32 billion) to support residents mitigate the effects of increasing worldwide costs.

50 percent of the owed money is going to go to social insurance beneficiaries and the Citizen Account Program.

Previously, whereas leading a discussion of the Council of Financial and Development Affairs Crown Prince Mohammed bin Salman highlighted the necessity to concentrate on the Kingdom’s neediest residents in the wake of the rising price of some basic wants.

The Saudi Press Agency mentioned in a report that he showed stress on the significant roles of ministries and administration agencies in monitoring worldwide developments.

It comprises of problems in association with food supply chains, monitoring markets, output availability and price level, and securing and motivating fair rivalry, in addition to battling and preventing monopolistic practices that affect legitimate competition or the interest of the consumers.

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