The Saudi Cabinet approved that the National Development Fund can lend and provide other forms of financing to its affiliates and borrow in all its forms, Saudi Press Agency reported.

 

The Cabinet decision came during a meeting, chaired by King Salman, held on Tuesday, Oct. 6.

 

The move aims to allow the National Development Fund to achieve its goals and the targets of its development funds and banks.

 

Last week, the Cabinet allowed the National Development Fund to form companies or establishments with special purposes or other legal entities inside and outside the Kingdom.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi Cabinet approves National Development Fund to form special purpose entities

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request