GOSI in Saudi Arabia: Everything you need to know

  • Post author:
  • Post category:Glossary

The Government Organization for Social Insurance (GOSI) is a premium government institution in Saudi Arabia that deals with social insurance in the country. Headquartered in Riyadh, GOSI is a financially and administratively independent organization that is supervised by a board of thirteen directors. The board of directors consists of insured persons, employers as well as officials from government departments. Since its inception in 1973, GOSI has constantly worked towards improving social insurance benefits meted out to the contributors and their family members. 

Continue ReadingGOSI in Saudi Arabia: Everything you need to know

Implementing WPS

  • Post author:
  • Post category:News

The Wages Protection System (WPS) is signified by a monthly file received by banks across Saudi Arabia crediting employees. The establishment in which these employees work sends the Wages File to its associated bank,

Continue ReadingImplementing WPS

THE SAUDI INITIATIVE FOR MITIGATING COVID-19 IMPACT: ARTICLE 41

An update, Article (41), has been added to the Executive Regulations of Labor Law as part of the numerous initiatives which the Saudi government has announced to provide business continuity in response to COVID-19. The update provides legal options for employees and employers to provide flexibility in employment contracts as preventative measures against redundancy or company closure.

Continue ReadingTHE SAUDI INITIATIVE FOR MITIGATING COVID-19 IMPACT: ARTICLE 41