21 Nov 2011
(MENAFN) Saudi labor ministry said that starting December, the ministry would start punishing Saudi firms that didn’t increase the number of Saudi employees, reported Emirates 24/7.
The ministry added that the companies which would be affected would be those who were rated as red, whereas firms that were rated as yellow would be punished when their deadline would expire and that would be in February.
The ministry added that the government would give four different categories to companies in Saudi according to their obedience to regulations to hire Saudis, adding that firms that would conform with the government’s rules would be rated as excellent and green whereas firms that would fail to conform with the rules would be in the red category and rated as yellow.
It is worth noting that the Saudi labor ministry warned the 300,000 firms covered in the plan that it would not accept any attempt from these companies to get around the rules through offering Saudi nationals jobs with low salaries in order to discourage them from accepting work.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more