02/07/2015 03:55 AST

Custodian of the Two Holy Mosques King Salman has ordered payment of SR1.8 billion to beneficiaries of social insurance as assistance for the holy month of Ramadan, the Ministry of Social Affairs announced on Wednesday. The amount will not be paid from Zakat funds.

The beneficiaries will get SR1000 for every individual in the family. Dr. Majed Abdullah Al-Qasabi, minister of social affairs, appreciated the King's gesture and said this comes from his keenness to provide the beneficiaries a decent life and assist them to meet their needs during the holy month. He prayed to Allah to reward the King.

Muhammad Al-Aqla, undersecretary of the ministry of social affairs for social insurance, also praised the King's humanitarian gesture. He prayed to Allah to consider this among the King’s good deeds. He said urgent coordination has started between the ministries of social affairs and finance to implement the royal order within three working days.


Saudi Gazette

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
JARIR 177.89 111,251
STC 83.41 257,644
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula