Bahri, a global leader in transportation and logistics, has announced a new cost-of-living allowance to its staff.
The move takes Bahri’s endeavors to improve employee welfare to a new level, according to a press release.
The announcement comes close on the heels of a recent royal order that stipulates a monthly payment of allowances to public sector employees to enable them to cope with the increase in prices of goods and services in Saudi Arabia following the government’s new economic reforms aimed at achieving its goals outlined in Saudi Vision 2030.
Effective January 2018, the Bahri employees working in the Kingdom will receive a monthly cost-of-living allowance over the next 12 months.
“As a company that champions social and economic goals of the Kingdom, Bahri is committed to supporting various initiatives of the government, and the new cost-of-living allowance is a natural response to the royal directive, which is aimed at softening the impact of economic reforms in the country,” said Abdullah Aldubaikhi, CEO of Bahri.
“Understanding and addressing the needs of our workforce are paramount to us, and, by doing so, we are contributing toward the overall empowerment of Saudi society. We are firm in our resolve to support the Kingdom in achieving its strategic economic goals and bolstering its pre-eminent position in the region and globally,” said the CEO.