MUSCAT: Allowances and incentives at state-owned companies have been cut from 80 to 12 items as part of the government’s rationalisation programme, Oman Investment Authority (OIA) Chairman Abdulsalam Al Murshidi has informed.
Among the elements targeted by the rationalisation programme include the End of Service gratuity, personal loans, residential loans, office vehicles and other incentives.
OIA also disclosed that OMR 80 million was saved in 2021 through the “Salaries and Incentives Rationalisation Programme”. The OIA added that another OMR 120 million is expected to be contributed during 2022-2023.
Read More
- Oman Court orders one-year jail term, RO10,000 fine for former General Manager
- His Majesty Sultan Haitham arrives in France on official visit
- Oman steps up preparations for 2026 Dhofar Khareef season
- Oman extends sick leave insurance to expat workers from July 20
- Oman highlights judicial development strategy at Arab supreme courts dialogue in Italy
