KSA Ministry of Human Resources and Social Development announced that a royal decree was issued to make an increase of 20 percent in the social security pension, reaching SR1320 from SR1100.
The King also issued a directive to continue opening registration and additional financial support for beneficiaries of the Citizen’s Account Program for a period of three months that will continue disbursing among the batch of beneficiaries until the month of December this year.
The royal decree also authorized the Citizen Account Committee to add parameters with the aim of raising the efficiency of support and ensuring that it reaches the most deserving segments of the Saudi society.
The extension of support to the beneficiaries of the Citizen’s Account Program also comes as an extension of the previous generous directive that came into force in July 2022, and the support has been continued until covering the beneficiaries of the September 2023 batch.
The increase in the basic minimum for calculating the pension will contribute directly to meeting the most basic needs of every beneficiary, according to Mohammed Al-Rizqi, spokesman of the ministry. He said that the decision to increase the pension will come into force from Nov. 1, 2023, and the increase will be applied to all beneficiaries automatically without the need for the beneficiary to take any action from their side.
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