Saudi Arabia implements minimum wage increase for over 50s

Employers should raise the wages of Saudi workers who are 50 years old and above to at least $1,066 a month

  
A Saudi man shows Saudi riyal banknotes at a money exchange shop, in Riyadh, Saudi Arabia January 20, 2016. Image used for illustrative purposes

A Saudi man shows Saudi riyal banknotes at a money exchange shop, in Riyadh, Saudi Arabia January 20, 2016. Image used for illustrative purposes

REUTERS/Faisal Al Nasser
 
RIYADH: The General Organization for Social Insurance has implemented its new minimum wage for workers over the age of 50, 5 months after first announcing the change.

Employers should raise the wages of Saudi workers who are 50 years old and above to at least SR4,000 ($1,066) a month, Al Eqtisadiah reported. The previous minimum wage was SR3,000.

Saudi Minister of Human Resources and Social Development Ahmed Al-Rajhi announced the increase in November 2020 for all Saudis and said at the time it would be implemented 5 months later.

Saudi workers being paid less than SR4,000 a month will only count as half a worker in the Kingdom’s nationalization program, Nitaqat.

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