Saudi Arabia on Monday announced it was providing 20 billion riyal (US$5.3 billion) directly to citizens in a bid to mitigate the impacts of inflation and rising prices.
King Salman bin Abdulaziz Al Saud by royal decree approved the allocation of 20 billion riyal in financial support “to protect the beneficiary families from the repercussions of the effects of global price hikes,” Saudi Press Agency (SPA) reported.
