RIYADH: Saudi Arabia’s Citizen Account Program on Wednesday deposited more than SR3.1 billion ($826 million) into the accounts of 10.2 million beneficiaries for July.
Total compensation for the previous installment, paid retroactively, stood at SR25 million.
The national scheme was created to protect Saudi households from the direct, indirect and expected impacts of the economic reforms taking place in the Kingdom through monthly cash transfers into their accounts.
The program also applied new controls, which included reopening registration in the program and providing additional support amounting to SR8 billion to beneficiaries until the end of 2022.
The cash transfer program has distributed SR123 billion in payments since it was launched in December 2017.
The program’s director general of communications, Abdullah Al-Hajri, said that 76 percent of beneficiaries received full benefits, with an average support of SR1,919 per household, compared to the average support for the previous month of SR1,067.
The cost of living supplements for Saudi citizens are based on age, household monthly income and the number of people living in a property.
Al-Hajri called on citizens wishing to register to apply through the online portal via the link (ca.gov.sa), noting that applicants whose applications were completed before July 16 will have their eligibility and entitlement studied for the August 2022 payment.
