A Saudi development fund has deposited SAR 418 million into two unemployment programs in the Kingdom, Saudi Press Agency reported.

 

The Human Resources Development Fund (Hadaf) made payments in February 2019 to 278,000 beneficiaries of the Hafiz schemes, which aim to help the unemployed find work.

 

More than 145,000 Saudis on the job seeker program received payouts from the fund, while 133,000 people on an initiative for those having particular difficulty getting a job, also benefitted, the report added.

 

Through its funding, Hadaf aims to stimulate the Kingdom’s private sector through the creation of productive and stable working environments and the development of staff skills.

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