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  • Saudi Citizen Account Program deposits SR1.9bn for Sept.

Saudi Citizen Account Program deposits SR1.9bn for Sept.

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11 Sep 2020 12:09:36 GMT9
11 Sep 2020 12:09:36 GMT9

RIYADH: Saudi Arabia’s Citizen Account Program deposited SR1.9 billion ($506 million) into the accounts of 10.7 million beneficiaries for September. The national scheme was created to protect Saudi households from the direct, indirect and expected impacts of the various economic reforms taking place in the Kingdom through monthly cash transfers into their accounts.

The cash transfer program has distributed more than SR80.5 billion in payments since it was launched in December 2017.

The program’s spokesman, Sultan Al-Qahtani, said that 78 percent of the total beneficiaries received full benefits, with an average support of SR1,042 per household.

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