Saudi cash scheme pays share of $878m to 10.2m people
A financial support scheme for Saudi families on Monday received a SR3.3 billion ($878 million) October cash injection benefitting 10.2 million people.
The national Citizen Account Program was created to protect Saudi households from the direct, indirect, and expected impacts of the economic reforms taking place in the Kingdom through monthly cash transfers into their accounts.
A total of SR133 billion in payments has been dished out since the scheme was launched in December 2017.
The program’s director general of communications, Abdullah Al-Hajri, said that 78 percent of beneficiaries received full benefits, with an average support of SR1,831 per household.
The cost-of-living supplements for Saudi citizens are based on age, household monthly income, and the number of people living in a property.
New controls have included reopening registration in the program and providing additional support amounting to SR8 billion to beneficiaries until the end of 2022.
Al-Hajri recently urged citizens wishing to register to apply online via ca.gov.sa. He noted that applications completed before the 16th of every month would be considered for the next month’s payment.
A total of SR133 billion in payments has been dished out since the scheme was launched in December 2017.
The program’s director general of communications, Abdullah Al-Hajri, said that 78 percent of beneficiaries received full benefits, with an average support of SR1,831 per household.
The cost-of-living supplements for Saudi citizens are based on age, household monthly income, and the number of people living in a property.
New controls have included reopening registration in the program and providing additional support amounting to SR8 billion to beneficiaries until the end of 2022.
Al-Hajri recently urged citizens wishing to register to apply online via ca.gov.sa. He noted that applications completed before the 16th of every month would be considered for the next month’s payment.
