Minister of Social Affairs to Launch Financial Sustainability Fund

The Minister of Social Affairs, Dr Yusuf Bin Ahmed Al-Othaimeen, will launch on April 17 'the Financial Sustainability Fund,' established by the Suleiman Bin Abdulaziz Al-Rajhi Charity Foundation under a Memorandum of Understanding signed with the institution recently. The Foundation's Secretary-General Abdulrahman bin Abdullah Al-Rajhi said that the launching ceremony will include a meeting of the supervisory body of the Fund, noting that the Fund will facilitate growth of financial resources of charitable bodies authorized in accordance with the principle of sustainable development.
'Moreover, it will also support programs, associations, charitable institutions and projects and finance well the rotation of loan capital and expansion of its utilization in the Kingdom of Saudi Arabia,' he added.