Pension for June to be disbursed on June 25, announces GPSSA
The total pension payout for this month amounts to Dhs834,511,656.49, compared to Dhs782,578,834.21 in June 2024, marking an increase of Dhs51,932,822. The number of beneficiaries this June amounted to 49,984, up from 48,335 in the same month 2024, reflecting an increase of 1,649 beneficiaries.
GPSSA urges retirees and eligible beneficiaries to regularly update their data with both the Authority and their banks to ensure timely pension disbursements.
It also emphasises the importance of using the electronic services available on "Maashi" platform, such as data updates, pension inquiries, certificate requests, and other services designed specifically for retirees.
It is worth noting that these payments cover civilians subject to the provisions of pension and social security laws administered by the Authority, as well as beneficiaries managed by the Authority on behalf of the Ministry of Finance under their respective pension laws.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
10 hours ago
- Arabian Business
Saudi Arabia approves digital ID use for non-resident foreigners to own property
Saudi Arabia's Cabinet has approved the use of a digital identity system to allow non-Saudi, non-resident foreigners to own property in the Kingdom, the government said, as part of new rules opening up the real estate market. The decision enables digital IDs to be used ahead of the implementation of the Non-Saudi Real Estate Ownership Law, which was approved in July and will take effect in January 2026, according to a Cabinet resolution published on Friday. Mechanisms under development The General Real Estate Authority will coordinate with the Ministry of Interior, the Saudi Data and Artificial Intelligence Authority (SDAIA), the National Information Center and other relevant bodies to develop mechanisms for activating the digital ID. The Cabinet resolution said the identity must be operational before the property ownership law comes into force. The approval also endorsed a decision by the Strategic Committee of the Council of Economic and Development Affairs on governance for non-Saudi ownership and usufruct rights. A dedicated committee will be formed within the General Real Estate Authority's board of directors to oversee those matters. The Cabinet amended the structure of the authority's board, which will now be headed by the Minister and include the CEO, representatives from 10 ministries and government entities, and three private-sector members appointed by the Council of Ministers for renewable three-year terms. The ministries represented include Interior, Municipalities and Housing, Finance, Justice, Economy and Planning, Investment, Environment, Industry and Mineral Resources, as well as the General Authority for State Properties and the General Authority for Survey and Geospatial Information. Steps required for non-residents In July, the General Real Estate Authority released a draft of the law's executive regulations. Under the draft, non-resident foreigners seeking to own or use property in the Kingdom would need to obtain and activate a digital ID through the Absher platform, open a Saudi bank account, and secure a local contact number. The authority has said these measures are designed to ensure transparency and compliance in the property registration process as Saudi Arabia seeks to attract more foreign investment into its real estate sector. The Cabinet's approval on Friday follows Resolution No. 16 of the Council of Ministers, which reviewed recommendations from the Council of Economic and Development Affairs and several memoranda from the Board of Experts. The Non-Saudi Real Estate Ownership Law is part of the Kingdom's broader economic reform programme under Vision 2030, which aims to diversify income sources, attract foreign investment, and develop sectors such as tourism and real estate.
Sharjah 24
a day ago
- Sharjah 24
SEWA obtains ISO 27001:2022 certification for data security
Ensuring the highest levels of data protection and confidentiality Majid Issa Hureimel Al Shamsi, Executive Director of Corporate Support, explained that SEWA is committed to continuously developing and improving its information security systems to ensure the highest levels of data protection and confidentiality, and to providing a safe and reliable digital environment for all its customers. Hureimel pointed out that obtaining the ISO 27001 certification is not merely a technical achievement, but rather a reflection of the corporate culture that places the utmost importance on security, reliability, and providing a sustainable environment for customers, partners, and employees. This achievement is an important step towards realising SEWA's vision of providing high-quality services to the residents of the Emirate of Sharjah. Keeping pace with the latest global practices Engineer Asma Al Hosani, Head of Governance, Risk Management and Compliance, emphasised that SEWA's acquisition of the certification is evidence of its commitment to implementing global best practices, protecting information assets, and adopting systems that enhance data protection and keep pace with developments in the field of information security in accordance with the latest global practices. This enhances the Authority's ability to confront growing cyber challenges, enhances user experience, and raises the level of institutional performance and business continuity.
Zawya
3 days ago
- Zawya
Egypt: FRA-supervised financing hit $13bln by June 2025
Arab Finance: The Financial Regulatory Authority (FRA) reported that total financing granted by entities under its supervision reached EGP 640.1 billion at the end of June 2025, as per a statement. These financing includes capital market and non-banking financing activities. According to the FRA, equity issuances accounted for EGP 334.8 billion, while securities issuances other than shares totaled EGP 52.5 billion. Financial leasing contracts stood at EGP 84.4 billion, financing for medium, small, and micro enterprises amounted to EGP 49.2 billion, consumer financing reached EGP 38.1 billion, and mortgage finance stood at EGP 22.1 billion. The value of collateral on movable assets in the movable collateral registry reached EGP 3.7 trillion by the end of June 2025. Financing balances for small, medium, and micro (SMEs) enterprises were recorded at EGP 84.8 billion. In the insurance sector, total premiums collected amounted to EGP 56.8 billion. Property and liability insurance premiums reached EGP 32.3 billion, while personal and capital accumulation insurance premiums totaled EGP 24.5 billion. The sector paid EGP 29 billion in compensation, with property and liability claims amounting to EGP 14 billion and personal and capital accumulation claims totaling EGP 15 billion. Investments of private insurance funds stood at EGP 13.9 billion by the end of June 2025. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
