SANED (unemployment insurance)
SANED Unemployment Insurance (SANED)
In one sentenceThe unemployment insurance branch for Saudi employees, which pays a temporary amount if the employee loses their job. Its contribution is 0.75% each on the employer and the employee.
Simply put
SANED is a safety net for Saudi employees: if their employment ends for a reason beyond their control, they receive compensation for a limited period.
Its contribution is small: 0.75% of the contributory wage on the business, and the same amount deducted from the employee.
Worked example
A Saudi employee at a private school has a contributory wage of 10,000 SAR.
Employer's share 0.75% × 10,00075
Employee's share 0.75% × 10,00075
Total monthly SANED contribution150 SAR