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Saudization in Banks Sector
Nethar
Published in Alriyadh on 25 - 02 - 2014

Saudization in banks sector should not be less than 90% and this is what Saudi Arabian Monetary Authority should be seeking to achieve. It is not an impossible matter due to that the massive profits gained by the banks can enable them to pay high salaries so that they do not need to employ the foreign workers / employees who accept low salaries, especially if we consider that most bank jobs are critical and, thus, cannot be handled to a foreigner. Moreover, banks profits enable them to provide continuous training for their employees, whether in the Kingdom or abroad. However, does this represent the prevailing reality in banks?
One of the experts say that the saudization percentage in our banks does not exceed 50%, in addition to what is said of that training programs are almost non-existent.
Based on this, Monetary Authority should interfere in this and force the banks to localize their jobs and provide training for their national employees (i.e. Saudi employees).
Speaking of banks, I would like to remind the reader that I wrote many times about banks responsibility in regard to serving the community. It is a responsibility that banks ignore and turn a blind eye in its regard. There is neither single trace referring to the banks in the cultural and social fields nor in charity works field. Moreover, the banks do not contain, at least, a reading room, a lectures hall or any sports activity for dedicated for their employees. When are the banks going to be aware of their responsibility in a way that pushes them towards performing their duties?


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