Saudi Arabia has announced eligible families to receive the second monthly installment of the Citizen’s Account Program, according to the program’s official account on Twitter.
The next monthly installment will be transferred to registered beneficiaries on Jan. 10.
In December, Saudi Arabia released the first installment of the Citizen’s Account Program at SAR 2 billion for 82 percent, or 10.6 million, of the registered beneficiaries.
The first payment to eligible Saudi citizens was released at SAR 300 per person or family.
Those who registered before Nov. 9 will be included in the first phase of payment; those who registered between Nov. 9 and Dec. 16 in the second phase; and those who registered after Dec. 16 will be included in the third phase.
According to the regulations, the payment from the Citizen’s Account will continue for five years, but will be reviewed after six months.
The Citizen’s Account is a national cash-transfer program, aimed at protecting Saudi families from the direct and indirect impact of the government’s structural economic reforms through direct monetary allowances.
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