Al Rajhi Bank Extends the Cost-of-Living Allowance for a Year in Line with the Royal Decree

19 December 2018

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Al Rajhi Bank announced the approval for extending the cost-of-living allowance, which amounts to One Thousand Saudi Riyals per month, for all of its employees till the end of 2019.

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The bank stated that this decision comes in line with the Royal Decree by the Custodian of the Two Holy Mosques King Salman bin Abdul Aziz Al Saud with the recommendation of His Royal Highness Crown Prince Mohammed bin Salman bin Abdul Aziz. This includes granting a cost-of-living allowance to all employees, along with the retirees and beneficiaries of the Social Insurance System, and continuing the expansion of the student rewards. The decree is a testament of the leadership’s keenness to promote the welfare of the Saudi people under the recent economic transformation, and on achieving balance without losing sight of the interest of our beloved nation and its citizens.

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