Amending the Dates for Paying Entitlements to the Beneficiaries of the GOSI
| No: 391000090955 | Date(g): 9/5/2018 | Date(h): 24/8/1439 |
Translated Document
Referring to SAMA Circular No. 391000059139 dated 22/5/1439 H regarding Amending the Dates of Paying Pensions According to the Gregorian Calendar.
I would like to inform you that SAMA received a letter from the Director General of Financial Affairs at the General Organization for Social Insurance, No. 45984 dated 14/8/1439 H, which includes the approval of the Board of Directors of the General Organization for Social Insurance to change the payment date of beneficiaries' entitlements from the Hijri calendar to the Gregorian calendar. Payments will be transferred on the first day of each Gregorian month. If this date falls on a Friday or Saturday, the transfer will occur on the preceding Thursday, starting from June 1, 2018. Please note that the last month’s Hijri entitlement will be transferred on Wednesday, 1/9/1439 H, corresponding to 16/05/ 2018 G.
Accordingly, SAMA hopes that your specialists will consider the new approved dates for disbursing the entitlements of beneficiaries of the General Organization for Social Insurance when collecting monthly installments for credit obligations.