The unemployment rate among Saudis fell to 6.5% in the second quarter of 2026, down from 11.6% in the same quarter of 2016, representing a decline of around 44%.
The employee must also have a total registered salary of at least SAR4,000 and cannot be registered as a part-time employee or a student.
The Public Authority for Manpower will oversee employers’ compliance with wage payment requirements under the system.
El Hokayem brings more than a decade of insurance experience across broking, underwriting and specialty leadership to his new role.
Leghnider most recently served as Group Talent Management & Leadership Development Lead for EMEA at SysAid Group, advising the executive leadership team on enterprise talent strategy.
