Oil Sector Employees To Receive Annual Allowance With June Pay

The annual allowance for oil sector employees will be deposited into their accounts along with the June salary, quoting a reliable source from Kuwait Petroleum Corporation (KPC).

The source revealed the annual allowance will be paid retroactively starting from last April; indicating that Kuwait Oil Company (KOC), whose employees include about 10,800 Kuwaitis, allocated KD 27 million to pay the annual allowance for fiscal 2016/2017.

In the meantime, the Family Support Fund spent KD 393 million to help 16,244 citizens pay their loans, reports Al-Anba daily.

According to the latest statistical report, a total of 20,150 citizens have applied for loan payment assistance from the fund and 18,124 of which have been approved while 1,222 have yet to be decided.

 

SOURCE : ARABTIMES

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