Governor of SAMA: the royal decree states to bears 60% of the salaries of citizens in the private sector is a stimulus for the economy

4/3/2020 12:00 AM

 

                Dr. Ahmad bin Abdul Karim al-Kholifey, Governor of the Saudi Arabian Monetary Authority (SAMA) appreciated the order of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz that the state should bear 60% of the salaries of Saudis working in the private sector. This is in order to rescue facilities that were impacted as a result of precautionary measures to combat the Corona virus, which led to decrease the pace of the private sector activity. This decision supports the continuation of economic mobility, especially in medium and small enterprises, and at the same time supports private consumption and job preservation.

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