Regulatory Alerts2022-03-20
Increasing the percentage of qualified people with disabilities in employment
The Saudi Central Bank (SAMA) mandates financial institutions operating in the Kingdom to raise their proportion of qualified employees with disabilities to at least 4%, provided these roles align with job nature and necessary support means are available. Effective from 17/08/1443 AH, this directive enforces Article (Twenty-Eight) of the Labor System for employers with twenty-five or more staff and directly supports the National Transformation Program’s labor market empowerment targets. All regulated banks and financial entities must immediately adjust their workforce composition to comply with these updated employment ratios.
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