Referring to the letter received by SAMA from the esteemed Governor of the General Organization for Social Insurance regarding the intention of SAMA to change the payment date for pensions and insurance entitlements for beneficiaries subject to the provisions of the Civil Retirement and Military Retirement Systems to the first day of each Gregorian month, starting from May 2024. To facilitate this transition and activate the new dates, the payment of pensions and entitlements for beneficiaries under the Civil and Military Retirement Systems for the months of April and May 2024 will be as follows:

Therefore, and in accordance with the related regulations assigned to SAMA and the instructions issued regarding Controls and Procedures for Collections for Individual Customers, and Circular No. (41043218) dated 22/06/1441 regarding the procedures for depositing salary payments and the supplementary instructions thereto, and to ensure the stability and safety of the financial sector, it is essential to take the necessary preparations to implement and be ready for the following:

Additionally, we would like to note that the opening time for the operational cycle of the Saudi Rapid Money Transfer System will be modified to the beginning of each Gregorian month—rather than the 25th of each month—to be at 12:05 AM (midnight) after completing the payment of entitlements for beneficiaries under the Civil and Military Retirement Systems for April on 25/04/2024. If the payment date coincides with the weekend holiday, the opening time for the operational cycle of the Saudi Rapid Money Transfer System will be advanced to the last working day before the holiday.