Saudi Arabia’s finance ministry has directed government entities and public institutions to tally the amounts due to contractors and suppliers within three weeks in order to make payments, Okaz newspaper reported citing unnamed sources.

 

The new finance minister, Mohammed Al Jadaan, has been authorized to take necessary measures to disburse payments of dues pending from previous years until this year-end from SAR 100 billion, which is the previous year’s revenue surplus.

 

The kingdom’s Council of Economic and Development Affairs (CEDA) earlier this week said it plans to settle delayed payments to private sector companies by the end of December.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request