RIYADH — The Saudi Electricity Company (SEC) announced it would give all of its employees, foreign and domestic, a bonus equivalent to six months salary. The state-owned utility company would also increase housing allowances from 20 percent of their total monthly salary to 25 percent.
According to the daily Al-Watan newspaper, the SEC’s board also decided to raise the minimum allowance for housing to SR15,000 annually to ensure their lower paid workers can cover rent.
The utility company will also institute an incentive for workers by giving bonuses to exceptional performance. The SEC employs about 28,000 workers, of which 84 percent are Saudis, according to statistics from 2006. The raises take effect next month.
