Saudi king orders $2.4 billion coronavirus support for citizens

Saudi king orders $2.4 billion coronavirus support for citizens

Agency News

Saudi Arabia's King Salman ordered the disbursement of up to 9 billion riyals ($2.39 billion) in financial support to more than 1.2 million citizens who work in private sector companies affected by the economic fallout of the coronavirus outbreak, the state-run Saudi Press Agency reported on Friday.

The support mechanism will be in accordance with the conditions stipulated in the unemployment insurance system (SANID)

The 100 percent financial aid will be given to Saudi employees working in facilities that have five workers or less. It also covers up to 70 percent of companies where the number of Saudi workers exceeds five.

The decision will also exempt employers paying monthly wages to the employees during the compensation period. Companies however are not allowed to require workers to work during the compensation period.

Saudi Arabia announced five deaths from coronavirus on Thursday and said that 165 new cases have been detected. Of the new cases, 48 were detected in Makkah and 46 in Madinah.

Saudi Arabia’s interior ministry implemented a 24-hour curfew in the two holy cities on Thursday to limit the spread of coronavirus.