Red & Yellow Nitaqat category Companies to get benefit from Govt Scheme

Saudi Arabian companies which are in Red & Yellow Categories under Nitaqat Saudization program can get benefited from government reimbursement initiative if they hire more locals within 12 months.

King Salman has approved a scheme to reimburse few companies who are struggling to pat expat work permit levy & waive fee hikes for some who weren’t able to pay.

The government is allocating SR 11.5 billion out of SR200 billion for reimbursements under the decision.

“This initiative will support private sector companies, help them overcome the obstacles and achieve their goals and encourage them to expand employment of Saudi citizens,” Minister of Labor and Social Development Ahmed Al-Rajhi tweeted on Friday.

Companies are only eligible if they have a higher number or equal number of Saudi employees when compared to no of expats to get reimbursement or Fee waiver.

A document issued by the Labor Ministry said that 6 months after the beginning of the reimbursement initiative companies that have not settled their collective invoice and are in the yellow or red category will be deprived of some services.