Al-Daman urges debtors to use installment and interest discounts
The General Social Security Corporation offers facilities to reduce interest rates on debt installment plans for indebted establishments. Full interest cancellation is possible if a down payment of at least 25% is made. Additionally, the interest can be reduced to 1% when paying 20%, and to 2% when paying 15% of the debt. These facilities will continue until the end of 2026, aiming to support establishments and help them settle their debts while safeguarding workers' insurance rights.
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