Unemployment Insurance Law

Release Date:	1435-03-12
Release Tool:	Royal Decree
Issuance Instrument Number:	m/18
Validity:	Valid
Date of last amendment:	1442-07-25
Summary:	By AI A royal decree was issued by King Abdullah bin Abdulaziz Al Saud approving the Law on Unemployment Insurance, which aims to provide compensation to participants who lose their jobs for reasons beyond their control. The law covers all Saudi employees and requires that the employee be under the age of nine at the start of implementation, with participation ceasing upon reaching the age of sixty. Employers are obligated to implement the law, and the regulation specifies the registration process. Th...

Release Date:

1435-03-12

Release Tool:

Royal Decree

Issuance Instrument Number:

m/18

Validity:

Valid

Date of last amendment:

1442-07-25

Summary:

By AI

A royal decree was issued by King Abdullah bin Abdulaziz Al Saud approving the Law on Unemployment Insurance, which aims to provide compensation to participants who lose their jobs for reasons beyond their control. The law covers all Saudi employees and requires that the employee be under the age of nine at the start of implementation, with participation ceasing upon reaching the age of sixty. Employers are obligated to implement the law, and the regulation specifies the registration process. Th...