Saudi transport minister approved 100% Saudization of ride-hailing apps

Saudi transport minister approved 100% Saudization of ride-hailing apps
Saleh Al-Jasser, Saudi Minister of Transport.
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Updated 13 January 2021

Saudi transport minister approved 100% Saudization of ride-hailing apps

Saudi transport minister approved 100% Saudization of ride-hailing apps
  • The percentage of non-Saudis working in this field fell to 4 percent only of total workforce, the minister noted

Saleh Al-Jasser, Saudi Minister of Transport and Chairman of the Public Transport Authority (PTA), approved 100% localization of the ride-hailing activity, limiting work to nationals with respect to public and private vehicles or through facilities, according to state-run SPA.

The percentage of non-Saudis working in this field fell to 4 percent only of total workforce, the minister noted.

He also cited a number of initiatives that were taken to boost job opportunities for nationals in this field, including amendments to the traffic rules to enable the operation of private vehicles in ride-hailing activity. Moreover, an agreement was signed with the Social Development Bank on funding the purchase of private vehicles.

Moreover, the ministry signed an agreement with the Ministry of Human Resources and Social Development and the Human Resources Fund to provide subsidies for Saudis, at 40 percent of their income, or SR2,400 ($640) maximum, for those providing rides in rush hours.


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Here are a few things you need to know as Saudi stocks start trading on Monday.

  1. Almarai’s consolidated net profit after Zakat and tax jumped 10% to SAR 1.984 billion for the fiscal year 2020.
  2. Saudi Electricity Co.’s (SEC) shareholders approved a seven-year syndicated Murabaha facility worth SAR 3 billion, to be secured from National Commercial Bank (NCB).
  3. Al Moammar Information Systems Co.’s (MIS) board of directors approved the establishment of a limited liability company with 100% ownership.
  4. Saudi Pharmaceutical Industries & Medical Appliances Corp (SPIMACO) received a letter from the Arabian Medical Products Manufacturing Co. (ENAYAH), stating that its warehouse in the second Industrial City in Riyadh had a fire incident on Jan. 16, 2021.
  5. Zahrat Al Waha for Trading Co. signed a loan contract with the Saudi Industrial Development Fund (SIDF) valued at SAR 12.65 million.
  6. Al-Babtain Power and Telecommunication Co. will distribute dividend for FY2020, starting Feb. 9, 2021.
  7. Alhayat Medical Clinics (HMC) appointed Alinma Investment Co. as financial advisor for its planned initial public offering (IPO) on Nomu Parallel Market.
  8. Brent crude on Monday declined 69 cents to reach $55.41 per barrel. WTI crude also decreased 86 cents to reach $52.27/bbl.