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Saudi Arabia refunds 1.43B riyals to 5600 businesses
The refunded government fees through the "Refund" initiative in Saudi Arabia have exceeded 143 million riyals, benefiting over 5,600 small and medium-sized enterprises, according to the General Authority for Small and Medium Enterprises. The initiative targets businesses that started their operations from 2024 to 2026 and includes reimbursement for various fees such as commercial registration, activity licenses, and chamber of commerce fees, with the opportunity to recover up to 80% of foreign worker costs. Businesses can register until the end of 2026, with the disbursement of the entitled amounts continuing until 2028.
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