Saudi Arabia’s King Salman issued a series of royal orders on Sunday evening regarding government posts.
King Salman appointed Abdulaziz bin Ibrahim bin Hamad Al Faisal as the new Head of Special Affairs of the Custodian of the Two Holy Mosques at the rank of minister. This followed an earlier announcement that Nasser bin Abdulrazzaq bin Yousef Al Nafisi had relinquished the role.
A further royal order appointed Majed bin Mohammed bin Ibrahim Al Mazyad as Governor of the National Cybersecurity Authority, also at the rank of minister.
Saudi Arabia's NCA works with the public and private sectors in the kingdom to improve cybersecurity and critical infrastructure.
Badr bin Abdulrahman bin Sulaiman Al Qadi was made deputy sports minister in the same set of royal orders, which were reported by the official Saudi Press Agency.
There is also an expanding sports scene in the kingdom. Earlier this year, Saudi Arabia opened ownership of its sports clubs, academies and centres for the first time to foreign investors, through a ministry of sport initiative called ‘Nafes’, an online licensing platform for sporting entities.
Saudi Arabia will host its first Formula One race on December 5, a week before the season closing Abu Dhabi Grand Prix.
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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