Social Protection Fund

Name

Social Protection Fund

Legal name

Social Protection Fund

Website

https://spf.gov.om

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Government Social Insurance and Welfare Administration

NAICS

Pension Funds (525110), Pension Funds (52511), Health and Welfare Funds (525120), Health and Welfare Funds (52512), Insurance and Employee Benefit Funds (5251), Executive, Legislative, and Other General Government Support (921)

SIC

Services-Social Services (8300), Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industries

Family & Child Benefits Administration (Child Allowance, Parental Leave) (BPAIAKAD), Social Care & Long-Term Care Benefits Administration (BPAIAKAK), Income Support & Cash Assistance Programs (BPAIAKAE), Pensions, Benefits & Retirement Disbursements (FSAMAKAI)

Keywords

• Social insurance programs
• Statutory pension administration
• Social welfare benefits
• Employer contribution schemes
• Government social protection

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices12 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Social Insurance Contributions: SPF operates as a statutory social insurance system funded through mandatory contributions from employers (11% for old age/disability/death) and employees (7.5%) plus employer-only contributions for work injuries (1%), employment security (0.5% each), sick leave (1%), and maternity (1%).
2. Mandatory Provident Scheme (Expatriate Workers): Mandatory savings scheme for expatriate workers starting 2027 requiring employers to allocate 9% of basic salary to structured savings accessible upon end of employment.
3. Social Protection Benefits: Non-contributory benefits funded from government allocations including Old Age Benefit (115 OMR/month), Child Benefit (10 OMR/month), Disability Benefit (130 OMR/month), and Family Income Support.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Social Protection Fund (SPF) is Oman's statutory government authority that administers a unified social insurance system (eight contributory schemes covering old age/disability/death pensions, work injuries, employment security, maternity leave, sick leave, self-employed, and expatriate provident scheme) and five non-contributory social protection benefits (Old Age Benefit of 115 OMR/month, Child Benefit of 10 OMR/month, Disability Benefit of 130 OMR/month, Orphans and Widows Benefits, and Family Income Support). The system is funded through mandatory employer and employee contributions and government allocations, and is delivered through an e-services portal, QR-based verification, online appointment booking, and 11 governorate branch offices.

Product overview

Social Protection Fund (SPF) operates a comprehensive social protection system for the Sultanate of Oman, consisting of two main pillars: Social Protection Benefits (monetary assistance programs) and Social Insurance Schemes (pension and insurance coverage). The Social Protection Benefits include five programs: Old Age Benefit (115 OMR/month for 60+ citizens), Child Benefit (10 OMR/month for children 0-18 years), Disability Benefit (130 OMR/month for persons with disabilities), Orphans and Widows Benefits (bridging gaps in social insurance pensions), and Family Income Support Benefit (income-based support scaled by family size). The Social Insurance Schemes encompass eight programs covering Old Age/Disability/Death pension (with worker 7.5% and employer 11% contributions), Work Injuries Insurance (employer 1%), Employment Security Scheme (0.5%/0.5%), Maternity Leaves Insurance (employer 1%), Sick and Other Leaves Insurance (employer 1%), Self-Employed Insurance, Extension Insurance Protection, and Provident Scheme for expatriate workers. These programs are delivered through an e-services portal (eservices.spf.gov.om) and supported by the Mazaya benefits platform for retirees. The system serves 3.3 million people (64% of population), with 1.67 million insured individuals and 137,240 active employers as of January 2026.

Differentiator

Problem solved

Functional benefit

Brands

• Mazaya: A benefits and discount programme launched by the Social Protection Fund to provide support and facilities to Omani retirees and retirees from GCC countries, offering services and benefits in collaboration with various sectors and partners.

Products and services

• Old Age Benefit Monthly financial support of 115 Omani Riyals for Omani citizens aged 60 and above, ensuring a statutory minimum social protection floor during advanced age when earning capacity decreases.
• Child Benefit Monthly financial support of 10 Omani Riyals for Omani children from birth until age 18, supporting early childhood education, care, health, and nutrition needs.
• Disability Benefit Monthly financial support of 130 Omani Riyals for Omani persons with disabilities requiring care and support, including those with congenital or acquired disabilities and terminal illnesses.
• Orphans and Widows Benefits Monthly financial support for eligible orphans and widows, bridging gaps when social insurance pensions are insufficient or absent. Widows receive 80 OMR difference; double orphans receive 80 OMR difference; paternal or maternal orphans receive 40 OMR difference, scaled by family composition.
• Family Income Support Benefit Monthly financial support for families with lowest income and least earning opportunities, with target amounts scaled by family size from 115 OMR (1 person) to 445 OMR (15 persons), adjusted by family income level.
• Old Age, Disability, and Death Insurance Comprehensive contributory pension program covering old age, disability, and death risks for all workers across public and private sectors. Worker contribution 7.5% and employer contribution 11% of covered wages.
• Work Injuries and Occupational Diseases Insurance Insurance coverage for work-related injuries and occupational diseases, fully funded by employer contribution of 1% of covered wages effective January 1, 2024.
• Employment Security Scheme Insurance providing job security support for workers, jointly funded by worker contribution of 0.5% and employer contribution of 0.5% of covered wages effective January 1, 2024.
• Maternity Leaves Insurance Insurance coverage for maternity leave periods, funded by employer contribution of 1% of covered wages effective July 1, 2024.
• Sick and Other Leaves Insurance Insurance coverage for sick leave and other leave periods, funded by employer contribution of 1% of covered wages effective July 1, 2025.
• Self-Employed Insurance Insurance coverage for self-employed Omanis and similar categories, including licensed professions such as taxi drivers, driving instructors, fishermen, and farmers.
• Extension Insurance Protection Extended insurance protection coverage for additional categories or transition periods not covered by the main insurance branches.
• Provident Scheme (for Expatriate Workers) Mandatory savings scheme for non-Omani workers covering end-of-service gratuity through monthly employer contributions of 9% of basic salary; also captures excess contributions from insured salaries exceeding the 3,000 OMR cap for Omani workers.
• Monthly Allowance for Families of Missing Persons New monthly allowance program for families of missing persons, scheduled for April 2026 launch as part of Oman's social protection framework. The support scheme converts to a pension after four years.
• Social Protection Fund E-Services Portal Digital self-service portal (eservices.spf.gov.om) providing electronic access to social protection services including appointment booking, electronic bill payment, beneficiary registration, contribution submission, and account management for beneficiaries and employers.
• Mazaya Retiree Benefits Program Initiative providing support packages and facilities to Omani retirees and GCC country retirees through partnerships with multiple sectors offering discounts on hospitality, healthcare, retail, travel, transport, and financial services.

Quantifiable outcome

• 3.3 million people served (64% of Oman population)
• +5 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• ElevatuscoreTechnology or Integration · 5 November 2025SPF partnered with Elevatus, a provider of AI-powered recruitment solutions, to enhance its recruitment process. The collaboration aims to automate screening, facilitate video interviews, and streamline hiring, supporting Oman Vision 2040 and digital transformation efforts.
• International Labour Organization (ILO)flagshipStrategic or Co-development PartnerStrategic partnership for social protection reforms. ILO has provided official confirmation of improvements to Oman's social protection system and recognition of the Social Protection Law as bold reform responding to Omani society needs. ILO experts have conducted assessments and provided guidance on system design.
• UNICEFflagshipStrategic or Co-development PartnerStrategic partnership for child-focused social protection. UNICEF experts visited Oman to strengthen collaborative efforts for social protection policies and child rights. UNICEF welcomed the launch of Oman's new national social protection system and has provided ongoing support for policy development.
• International Social Security Association (ISSA)flagshipStrategic or Co-development PartnerISSA awarded Oman the Good Practice Award for Asia and the Pacific in 2024. ISSA has provided guidance on system modernization, enhanced registration mechanisms, and expanding social protection coverage across the Asia-Pacific region.
• Mazaya Partner NetworkcoreChannel Partner/ Reseller/ DistributorMazaya initiative provides benefits and facilities to Omani retirees through partnerships across multiple sectors: Ministry of Social Development, Oman Development Bank, Central Bank of Oman, Ministry of Transport/Communications/IT, Housing Bank, Capital Market Authority, plus numerous private sector partners across Oman and GCC countries offering discounts on tourism, health, retail, and services.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Public Institution for Social Security (PIFSS): Kuwait's statutory social security institution managing retirement pensions, end-of-service benefits, and social insurance for Kuwaiti workers. Closely mirrors SPF's role as a comprehensive social-insurance administrator in a GCC jurisdiction.
• Social Security Corporation (SSC) Jordan: Jordan's national social security corporation administering pensions and social insurance coverage. Comparable as a regional statutory social-insurance authority covering employees across public and private sectors.
• Bahrain Social Insurance Organization (BSIO): Bahrain's statutory body managing social insurance pensions and benefits for private-sector workers. Comparable in size and structure to SPF as a Gulf-region contributory social-insurance scheme.
• General Organization for Social Insurance (GOSI): Saudi Arabia's statutory social insurance authority administering pensions, work-injury, and unemployment insurance for private-sector workers. Closely comparable to SPF in mandate, contributory structure, and Gulf-region regulatory context.
• General Pension and Social Security Authority (GPSSA): UAE's federal authority for pensions and social security covering UAE nationals in the public and private sectors. Directly comparable as a Gulf-based statutory pension/social-security administrator with mandatory employer and employee contributions.

Others

• World Bank Social Protection & Labour Global Practice: A multilateral policy/financing body that advises and supports national social-protection systems, including in the MENA region. Comparable as an institutional counterpart/partner in SPF's reform agenda rather than a competitor.
• International Social Security Association (ISSA): An international umbrella organisation that has awarded SPF and supports knowledge exchange among social-security institutions. Relevant as a standards-setter and partner rather than a direct competitor.
• International Labour Organization (ILO): A UN agency that has formally recognised and supported SPF's reform programme. Relevant as a strategic technical partner rather than a direct peer.

Broad incumbents

• U.S. Social Security Administration (SSA): The US federal agency administering retirement, disability, and survivors' benefits through payroll taxes. Comparable core function (statutory old-age/disability/death insurance) but operates at national scale across a much larger population.
• Employees' Provident Fund Organisation (EPFO): India's statutory provident fund body managing retirement savings for a vastly larger workforce base. Comparable in function (mandatory employee/employer contributions for retirement benefits) but operates at a substantially larger scale than SPF.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SPF_Oman
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/spfoman

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Social Protection Fund