Urging the Acceptance of Payment of Gulf Employees' Insurance Contributions through Electronic Means, and Providing the Required Information and Data
| No: 000045077562 | Date(g): 3/7/2024 | Date(h): 27/12/1445 | Status: In-Force |
Translated Document
Referring to the framework for the application of the unified law for the extension of insurance protection to the Arab Gulf States, and to the receipt by SAMA of the letter of the General Secretariat of the Cooperation Council for the Arab States of the Gulf which includes the existence of a number of challenges related to the payment of insurance contributions of Gulf employees working in the GCC States and the creation of contributions amounts in the accounts of civil retirement and social insurance agencies of the GCC States in the accounts of commercial banks, including the lack of information and data required from the civil retirement and social insurance accounts of the Gulf countries.
Accordingly, it urges SAMA to accept the payment of Gulf employees' insurance contributions through electronic means, and stresses the importance of providing the required information and data from the retirement and social insurance agencies in the GCC countries (establishment name - registration number / establishment register with the retirement and social insurance authority for all operations on the accounts of pension agencies, and cooperation with representatives of retirement and social insurance accounts in the GCC countries).