The cabinet on Tuesday issued rules and regulations for the National Development Fund, the Saudi state news agency reported.
A royal decree was issued in October by King Salman to establish the fund under the mandate of the Prime Minister, Argaam earlier reported.
The new vehicle will serve as an umbrella fund to oversee the Saudi Fund for Development, the Saudi Industrial Development Fund, the Agricultural Development Fund, Social Development Bank, the Human Resources Development Fund, and any development fund or bank that reports to the cabinet.
The fund has SAR 345 billion in capital.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}