Saudi Arabia News
4 Weeks Time given to Companies to correct their Status
Ministry of Labor and Social Development in Saudi Arabia have given an ultimatum of 4 Weeks for all the companies in Saudi Arabia to correct their status before renewing their licenses. If the companies aren’t doing so, then they will have to pay huge penalties.
MOL in Saudi wants every company to abide by the laws from the Saudi government so that there is a fair chance of competition between companies. All the companies running in the kingdom need to correct their activities and status within 4 weeks of time and should inform the Ministry.
Here are the following things companies need to check
– If A company has license to operate in the given region/area
– If A Company has correct Nitaqat Status
– If A Company is hiring correct no of Expats and Saudi Nationals &
– If A company is violating any Saudi Laws
All the above needs to be checked and corrected inorder to renew Company License or Issung New Iqama or Visas to staff.
Its important that all these things must be done in the given 4 weeks after which the Mnistry will conduct field inpections to check.
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