JEDDAH: The details of a financial aid system for job seekers, which was recently approved by Saudi Arabia’s Council of Ministers, have been revealed.
Payments will be made to eligible claimants for up to 15 months. They will receive SR2,000 ($530) a month for the first four months after a successful claim, SR1,500 a month for the following four months, SR1,000 a month for four months after that, and SR750 a month for the final three months.
To be eligible for the aid, applicants will have to meet a number of conditions. They must be Saudi nationals or permanent residents of the Kingdom, between the ages of 20 and 40, able to work, and seriously and actively looking for a job.
They must not already be employed in the public or private sectors, or receiving a retirement pension, income from social security, or any other allowance. The owners of commercial enterprises are not eligible for the aid, nor are students or trainees at any stage of their education or training.
In addition, an applicant will not qualify for aid if his or her wealth exceeds a certain amount, but the exact figure for this was not specified. Applicants must not previously have benefited from the job-search aid system or any other financial allowances paid to job seekers.
The authorities said the new system aims to regulate the system of financial aid for people looking for work and clearly define the rules for eligibility. In addition it is designed to support job seekers, motivate them to enter the labor market, and set out the rights, responsibilities and obligations of the Human Resources Development Fund and those who are looking for work.
Applications to the fund can be submitted online or through authorized representatives. Individuals whose applications are rejected have the right to file an appeal with the relevant authorities.