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Saudi with SR 1 billion belongings earn solely SR 4,000 a month

In accordance with Abdul Malik Bin Sufyan, who’s at the moment the pinnacle of the anti-commercial cover-up workforce in Saudi Arabia some Saudis have belongings value SR 1 billion beneath their names however they earn solely SR 4,000 a month.

A business coverup or Tasattur is an association the place the enterprise is owned by a Saudi just for documentation functions however the precise proprietor of the enterprise is an expat. He pays a sure sum of cash to the Saudi to make use of his identify.

Abdul Malik Bin Sufyan acknowledged whereas conducting a workshop that they’ve discovered some coverup companies the place the Saudi proprietor legally owns belongings value SR 1 billion however the expat pays him solely SR 4,000 a month. This can’t be justified in any method.

Supply: Saudi Gazette

Steve has been dwelling in Saudi Arabia since 2013 and writing about Saudi guidelines, laws, guides, and procedures since then.

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