SR1.7bn pumped into Saudi social security accounts

The Saudi Ministry of Labor and Social Development; has deposited almost SR1.7 billion ($453 million); into the accounts of social security pension recipients in September.


The undersecretary for empowerment and social insurance at the ministry, Ibrahim bin Youssef Al-Mubarak, also said the amount covers pensions, cash assistance for food and electricity bills, and cost-of-living allowances.


Furthermore the amount includes more than SR1.4 billion for social security pensions, SR192 million as cash assistance for food; and SR103 million for the electricity bills. In detail funds went directly to the bank accounts of beneficiaries.