Qiwa: Firms cannot change activity if nationality diversity rules are breached ...Saudi Arabia

News by : (ٍٍٍSaudi Gazette) -
RIYADH — Qiwa platform has clarified that companies will not be allowed to change their business activity if doing so would cause them to exceed the permitted workforce nationality diversity limits, Okaz newspaper reported.The Ministry of Human Resources and Social Development's platform said requests to change a company's economic activity are reviewed by a specialized committee, which approves or rejects applications based on approved regulations. Businesses can view the reasons for any rejection through the requests section on the platform.Qiwa said a company seeking to change its business activity will be unable to do so if the new classification results in exceeding the required nationality diversity threshold.The platform also noted that if a company adds a new activity to its commercial registration and that activity carries a higher Saudization requirement than its existing activity, the higher localization rate will automatically apply when assessing the company's compliance.The ministry launched the three-year Developed Nitaqat program at the beginning of 2026, aiming to create more than 340,000 additional jobs for Saudi men and women in the private sector as part of efforts to strengthen labor market sustainability and support the goals of Saudi Vision 2030.Under current regulations, establishments employing five workers are required to hire at least one Saudi national.

Hence then, the article about qiwa firms cannot change activity if nationality diversity rules are breached was published today ( ) and is available on ٍٍٍSaudi Gazette ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Qiwa: Firms cannot change activity if nationality diversity rules are breached )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار