THE CUSTODIAN OF THE TWO HOLY MOSQUES KING ABDULLAH BIN ABDULAZIZ RECEIVED AT THE ROYAL COURT AT AL-YAMAMAH PALACE HERE TODAY THE 42ND ANNUAL REPORT OF SAUDI ARABIAN MONETARY AGENCY WHICH REVIEWED THE MOST PROMINENT, ECONOMIC AND LOCAL DEVELOPMENTS FOR FISCAL YEAR 2005 AND THE LATEST DEVELOPMENTS FOR THE CURRENT FISCAL YEAR 2006. THE REPORT WAS DELIVERED TO THE MONARCH BY THE GOVERNOR OF SAUDI ARABIAN MONETARY AGENCY HAMAD AL-SAYYARI IN THE PRESENCE OF THE MINISTER OF FINANCE DR. IBRAHIM AL-ASSAF. THE MONARCH COMMENDED THE REPORT AND ITS CONTENTS AND PRAISED THE IMPORTANT ROLE BEING PLAYED BY THE AGENCY IN PLANNING AND IMPLEMENTING THE MONETARY POLICY WITHIN THE FRAMEWORK OF THE STATE'S GENERAL ECONOMIC POLICY, WISHING THEM ALL SUCCESS. IN HIS SPEECH BEFORE THE KING, AL-SAYYARI SHED LIGHT ON THE REPORT, ADDRESSING THE KING SAYING,' NOWADAYS WE SENSE THE OUTCOMES AND YIELD THE FRUITS OF YOUR EFFORTS AT THE SUPREME ECONOMIC COUNCIL IN THE FIELD OF ORGANIZING AND RESTRUCTURING OF ALL SECTORS OF THE LOCAL ECONOMY. THE HANDOVER CEREMONY WAS ATTENDED BY PRINCE MIQREN BIN ABDULAZIZ, CHIEF OF GENERAL INTELLIGENCE; PRINCE ABDULAZIZ BIN ABDULLAH BIN ABDULAZIZ, ADVISOR TO THE KING AND PRINCE ABDULAZIZ BIN FAHD BIN ABDULAZIZ, MINISTER OF STATE, CABINET'S MEMBER AND CHIEF OF COURT OF CABINET'S PRESIDENCY.
