Saudi: Violators of HADAF’s conditions will be criminalized under financial fraud rules

Saudi: Violators of HADAF’s conditions will be criminalized under financial fraud rules

RIYADH — The Ministry of Human Resources and Social Development came out with a draft regulation that includes punitive measures against those who misuse support programs under the Human Resources Development Fund (HADAF). Violators of the regulation will be criminalized under the financial fraud laws.

According to the draft regulation, violation of the terms and conditions of the HADAF support program would lead to punitive measures such as temporary suspension of the Fund’s services; refunding part or whole of the support amounts disbursed to firms or beneficiaries; depriving the beneficiary of support, and terminating the support agreement concluded between HADAF and the firm or beneficiaries.

The regulation was drafted to set a framework for handling violations; procedures for proving cases of violation, and clarifying the ways to object to the Fund’s decisions and recovering the disbursed support amounts.

The draft regulation aims to support efforts to qualify the national workforce; employ them in the private sector; provide subsidies for the qualification of the national workforce; train and employ them in the private sector; participate in the costs of qualifying the national workforce; train them for private sector jobs, and bear a percentage from the salary of those Saudis who are employed in the