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FINANCIAL NEWS
Minimum salary for Saudi employees set: Ministry
15 Jan 2013
(MENAFN) Saudi Ministry of Labour has set a minimum wage of USD800 for Saudi nationals, as part of the government’s Saudization drive, Arab News reported.
The paper said Saudi nationals earning USD400 will be viewed as “half workers” under the Nitaqat programme while those earning less will not be included in Saudisation quotas from February 2, citing the ministry.
The Gulf Kingdom is struggling to involve Saudis into the private sector jobs, and the government is pushing ahead with plans to encourage more private-sector companies to reduce their foreign workforce in favour of Saudis.
The private sector in Saudi Arabia is dominated by expatriates, as almost nine in ten employees of private firms in the Kingdom are non-Saudis, according to official estimates.
Earlier this month, Labour Minister Adel Al Fakieh said Saudi Arabia needs to come up with three million jobs for Saudi nationals by 2015 and six million jobs by 2030.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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