UP TO THE END OF THE FISCAL YEAR 1424-1425, THE FINANCING INSTITUTIONS IN THE KINGDOM OF SAUDI ARABIA EXTENDED MORE THAN SR 307 BILLION, AND POSITIVELY CONTRIBUTED TO THE ACCELERATION OF THE DEVELOPMENT PROCESS IN THE COUNTRY. THE FINANCING INSTITUTIONS WHICH EXTEND ASSISTANCE AND SOFT INTEREST-FREE LOANS TO THE CITIZENS INCLUDE THE AGRICULTURAL BANK, THE CREDIT BANK, THE REAL ESTATE FUND, THE INDUSTRIAL DEVELOPMENT FUND AND THE GENERAL INVESTMENTS FUND. LAST YEAR, THE CUSTODIAN OF THE TWO HOLY MOSQUES KING ABDULLAH BIN ABDULAZIZ ORDERED EXTENDING SUPPORT TO SOME OF THE DEVELOPMENT FUNDS WITH THE SURPLUS OF THE BUDGET OF THE FISCAL YEAR 1425-1426 WHICH AMOUNTED TO SR 25 BILLION. THIS DEVELOPMENT RAISED THE CAPITAL OF THE REAL ESTATE FUND TO ABOUT SR 92 BILLION, THE CAPITAL OF THE SAUDI CREDIT BANK TO SR 6 BILLION, AND THE CAPITAL OF THE INDUSTRIAL DEVELOPMENT FUND TO SR 20 BILLION. THE REAL ESTATE FUND WAS ESTABLISHED IN 1395 (1975) WITH A CAPITAL OF SR 250 MILLION TO SOLVE THE HOUSING PROBLEMS. THE INDUSTRIAL DEVELOPMENT FUND WAS ESTABLISHED IN 1394 (1974) WITH A CAPITAL OF SR 500 MILLION, THE AGRICULTURAL BANK WAS ESTABLISHED IN 1382 (1962), WHILE THE SAUDI CREDIT BANK WAS ESTABLISHED IN 1391 (1971) .
