Saudi Interior Ministry enforces penalties for unauthorized Hajj attempts    L'Oréal Saudi Arabia inaugurates 'L'Oréal for the Future' summit in Jeddah to empower Saudi women and promote sustainable growth    Gaza kitchens warn food will run out in days after two months of Israeli blockade    Al Ahli eye maiden continental crown in historic AFC Champions League Elite final    Mahrez targets historic treble with AFC Champions League Elite title    Al Somah extends his legendary lead as Saudi Pro League's all-time top scorer    US songwriter Jill Sobule dies in house fire    Saudi Arabia fines eight foreign trucks for illegal goods transport in April    Defense minister attends elite special forces exercise in Northwestern Region    Saudi Arabia releases updated GDP data highlighting expanded non-oil sector contribution    Saudi Arabia to showcase culinary heritage at Taste of Paris 2025    Donald Trump looms large over Australia's election    GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition    PIF announces pricing of $1.25 billion international sukuk offering    Businesses count costs as India and Bangladesh impose trade restrictions    Israel fires largely controlled after mass evacuations    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    King Charles sends heartfelt message to fellow cancer patients    Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SR 402 billion Provided for Citizens by Funding Institutions in the Kingdom
Saudi Press Agency Published in Saudi Press Agency on 19 - 09 - 2010

Financial institutions in the Kingdom of Saudi Arabia provided citizens with more than SR 402 billion until the end of fiscal year 1429 / 1430, which contributed to the rapid development in the Kingdom in the fields of agriculture, industry, construction and others.
The Custodian of the Two Holy Mosques King Abdullah Ibn Abdulaziz issued his order in Rajab, 1426, to support some of development funds with an amount of SR 25 billion from the surplus of fiscal year 1425 / 1426 AH. as follows:
-The capital of Real Estate Development Fund increased by an SR 9 billion to become SR 92 billion,
- The capital of Saudi Credit Bank increased by SR 3 billion to become SR 6 billion to support the soft loans for marriage, renovation of houses and medium and small facilities,
-The capital of Industrial Development Fund increased by SR 13 billion to be SR 20 billion.
The Public Investment Fund was also supported with SR 20 billion from the budget for fiscal year 1427 / 1428H. The Real Estate Development Fund was also provided with SR 25 billion from the budget for fiscal year 1428 / 1429.
Royal directives were issued in 1429 to the Ministry of Finance to deposit an amount of SR 10 billion for Credit and Saving Bank.
The Custodian of the Two Holy Mosques King Abdullah Ibn Abdulaziz Al Saud approved this year to increase the capital of the Industrial Development Fund by SR 10 billion for supporting the industrial sector.

Clic here to read the story from its source.