Saudi Arabia has recently introduced an updated Social Insurance System aimed at enhancing the rights of workers, unifying pension regulations, and ensuring long term financial sustainability. The reform is part of Kingdom’s broader Vision 2030 goals, which seek to modernize the economy, strengthen social protection, and boost labor market efficiency. The key changes in the new system are: 1- Merger of Pension and Insurance Schemes 2- Unified Contribution System 3- Portability of Benefits 4-...

Saudi Arabia's business environment is rapidly evolving, driven by Vision 2030 . This modernization includes new laws to create a more...