Saudi Cabinet approves amending civil pension, social insurance laws

14/06/2022 Argaam

Custodian of the Two Holy Mosques King Salman bin Abdulaziz

Saudi Arabia’s Cabinet approved today, June 14 amending the Civil Pension Law, Social Insurance Law, Law of Benefit Exchange between the Civil and Military Pension Laws and Social Insurance Law related to employees’ dues upon retirement as a reward or pension.

 

The Cabinet also gave a nod to the memorandum of understanding (MoU) between Saudi Arabia and Iraq on electricity linkage, Saudi Press Agency reported.

 

In addition, arrangements of the strategic offices for the development of Jazan and Al Jouf were also approved.

 

The Cabinet gave the green light for King Abdullah City for Atomic and Renewable Energy Regulation and the National Incentives Committee’s arrangements on regulating the incentives offered to investment projects.

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