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  • 2/10/2023
  • 12:04
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Custodian of the Two Holy Mosques Chairs Cabinet's Session 4 Riyadh Seventh: The Cabinet approved supporting the agricultural cooperative associations with experienced personnel available with the ministry of environment, water and agriculture who are specialized in agricultural fields and marketing products, on mandating system upon which the ministry continues to pay the salary of the official it sent on secondment according to the details of this decision. Eighth: The Cabinet approved to amend Article 62nd of the social insurance system, which states after being amended, that, without contradicting any other more tougher punishment in another system, whoever provides incorrect information or refuses to provide the information requested by the establishment will be fined no more than SR10000 which will be doubled if the offense is repeated whereas the fine is repeated as much as the number of laborers who were subject to the violation committed by the owner of the business or according to the increase in number of the false information he provided or that he refused to offer. The owner of the business will be punished once it was proved that he is registering a laborer who is in fact not working with him according to Para 1 of this Article or with no more than doubling the total of subscription for the period covering the false registration of the laborer, which one is more, whereas the fines are increasing according to the number of the laborers falsely registered. Ninth: The Cabinet approved to reshuffle the board of directors of the Saudi stocks company (Tadawul) for three years as follows: Abdulaziz bin Saleh Al-Firaih, as representative of SAMA; Abdulrahman bin Mohammed Al-Mufdhi, representative of the ministry of finance; Suhail bin Mohammed Abnammi as representative of the ministry of commerce and investment; Sara bint Jammaz Al-Suhaimi; Tareq bin Ziad Al-Sudairi; Ali bin Abdulrahman Al-Guwaiz; Abdulaziz bin Abdulmohsen bin Hasan (representatives of the licensed broker companies); Dr. Khalid bin Hussain Byar, Rayan bin Mohammed Fayez ( representatives of stock companies enlisted in Tadawul). --More 16:58 LOCAL TIME 13:58 GMT www.spa.gov.sa/w326699

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