Saudi Arabia’s Citizen Account Program deposits SR1.9 billion for April
RIYADH: Saudi Arabia’s Citizen Account Program deposited SR1.9 billion ($506 million) into the accounts of 10.4 million beneficiaries for April, the Saudi Press Agency reported on Sunday.
Total compensation for the previous instalment, paid retroactively, stood at SR20 million.
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.