King Salman orders allocating SAR 20 bln to face rising global prices

King Salman bin Abdulaziz Al Saud 

Saudi Arabia’s King Salman issued a royal order on allocating SAR 20 billion to face the fallout of rising global prices.  

The amount includes SAR 10.4 billion allocated in direct cash transfers to the beneficiaries of the social security system, Citizen’s Account Program and the Small Livestock Breeder Support Program. The remainder will be directed to increasing the strategic stock of basic materials to ensure their availability. 

Under King Salman’s royal order, a total of SAR 2 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. 

Moreover, a total of SAR 8 billion will be directed as an additional financial support for beneficiaries from the Citizen’s Account Program for the rest of 2022, based on the previously announced regulations. 

Beneficiaries from the Small Livestock Breeder Support Program will be allocated a financial support of SAR 408 million.