Oil and Gas

Saudi King Salman grants rewards worth SAR 10 million to 353 Audit Bureau staff

Saudi Arabia’s King Salman has approved financial rewards worth Saudi riyals (SAR) 10 million to be granted to 353 employees at the General Auditing Bureau (GAB) for their outstanding performance during this financial year.

The employees’ professional performance led to discovery of the disbursement of funds by some entities that are covered by the audit with no legal bond, the Saudi Press Agency said. Their efforts also unveiled the failure to follow up on collection of some revenues due to the General Treasury of the State, and the missing out on some rights which contradicts regulations and policies.

Their findings led to the recovery of a total sum of SAR  8.3 billion during this fiscal year.

This royal approval for the monetary rewards is in line with the provisions of Article (26) of the Royal Court rules issued by the Royal Decree No. (M /9) dated 11/11/1391H, which stipulates that “the President of the Court, upon his proposal and the approval of the Prime Minister, to allocate monetary rewards for auditing officials, whom their professional efforts led to saving large sums of state funds from imminent threats.”

This generous approval also represents the leadership’s strong support for positive results achieved by GAB employees in the areas of financial auditing and performance control, which are aimed at safeguarding public funds, protecting national resources and public property, the SPA statement said.

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