Aramco Joins Saudi Companies Boosting Pay After Royal Orders - Bloomberg:
"Saudi Arabian Oil Co. and some of the kingdom’s biggest companies said they’ll pay Saudi staff more money, matching a royal order that extended handouts to government workers to ease public discontent over rising prices.
Aramco, preparing for what could be the world’s largest initial public offering, will pay “eligible employees” an extra 1,000 riyals ($267) a month for one year beginning in January, it said in response to questions from Bloomberg. The payments will be for workers inside the kingdom who make 20,000 riyals a month or less, according to two people familiar with the decision.
People who belong to the apprenticeship and college degree program will get an extra 10 percent of their monthly stipend over the same period, the company said."
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