Saudi Citizen Account pays $507m in April

Arab News: Saudi Arabia’s Citizen Account program paid out about SR1.9 billion (about $507 million) in April, Al Arabiya reported.
Eligible beneficiaries for the payment reached 10.4 million, the program said in a statement.
It means that the program has paid out about SR25.1 billion ($1 billion), since its launch by the government at the end of 2017, to support families by mitigating the effects of ongoing economic reforms which has removed some long standing subsidies.
Heads of household reached more than 2 million, constituting 92 percent of total number of beneficiaries, while dependents amounted to more than 8.2 million.
About 85 percent of the beneficiaries received full entitlements, while 15 percent received partial benefits.

https://www.arabnews.com/node/1841511/business-economy

Arab News.com Contribution Time: 12-Apr-2021 10:49 (GMT)
Arab News.com Last Update Time: 12-Apr-2021 10:49 (GMT)