Approval of license for the establishment of a Saudi stock company under the name of 'Al-Bilad Bank" in the light of articles 3 an 4 of the Cabinet's decision number 133, issued on 19/4/1425 H. Half of the shares of the company will be floated for subscription within 30 days from publishing the Royal Decree pertaining to the establishment of the company in the official newspaper. -- Transforming the Saudi-Tunisian Company for Development Investment into a loan institution with the characteristics of a comprehensive commercial bank in the light of the second article of the memorandum of understanding, signed by the Kingdom of Saudi Arabia and Tunisia on 26/3/1425H. -- The Cabinet approved the appointment of Fahd bin Abdul-Muhsin bin Suleiman Al-Zeid at the post of minister plenipotentiary with grade 14th at the Foreign Ministry. -- Appointment of Ali bin Hassan bin Ahmad Jaffar at the post of minister plenipotentiary with grade 14th at the Foreign Ministry -- Appointment of Abdel-Hamid bin Ibrahim bin Mohammed Al-Faris at the post of director general of the office of the General Mufti with grade 14th at the Presidency of the Administration of Islamic Research and Ifta.
