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FINANCIAL NEWS
Saudi retail stores lose USD160 m on hiring women
11 Mar 2014
(MENAFN) Jeddah Chamber of Commerce and Industry (JCCI) said that Saudi Arabia’s employment of women in retail stores has cost businesses over USD160 million in lost sales, according to Arabian Business.
New rules for hiring Saudi women have affected 25 percent of small and medium-sized shops as some had shut down, while others were considering closing their doors.
Saudi female employees are expected to be paid double the salary of an expat to fill business roles.
The government has recently eased some restrictions on the employment of women in Saudi retail outlets.
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30 Apr 2025
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25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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