80,000 companies moved from red to yellow: Official

Author: 
P.K. ABDUL GHAFOUR | ARAB NEWS
Publication Date: 
Wed, 2011-06-29 01:45

Othman Al-Hoqail, assistant undersecretary at the ministry, said many companies were listed in the red category because of wrong information received from the General Organization for Social Insurance and Human Resource Development Fund.
"This discrepancy occurred because some employers registered all their workers under one company of the group while some others were not linked with GOSI," Al-Hoqail said, adding that some 80,000 firms have moved from red to yellow after correcting information.
Speaking to businessmen and women at Asharqia Chamber in Dammam, the official pointed out the Nitaqat system would encourage companies to compete with one another in employing Saudis.

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