THE FINANCING INSTITUTIONS IN THE KINGDOM OF SAUDI ARABIA EXTENDED UP TO THE END OF THE FISCAL YEAR 1425-1426 MORE THAN SR 319 BILLION TO THE CITIZENS THESE INSTITUTIONS HAVE BEEN POSITIVELY CONTRIBUTING TO THE DEVELOPMENT PROCESS BEING WITNESSED BY THE KINGDOM IN THE VARIOUS AGRICULTURAL, INDUSTRIAL AND CONSTRUCTION SPHERES IN GENERAL. THE SAUDI GOVERNMENT HAS SET UP SO MANY PROGRAMS TO ENABLE THE CITIZENS CONTRIBUTE TO THE PROCESS OF COMPREHENSIVE DEVELOPMENT IN THE COUNTRY. THESE PROGRAMS INCLUDE PROVIDING SUBSIDIES, SOFT AND INTEREST-FREE LOANS THROUGH A NUMBER OF FINANCING INSTITUTIONS LIKE THE AGRICULTURAL BANK, THE CREDIT BANK, THE REAL ESTATE DEVELOPMENT FUND, THE INDUSTRIAL DEVELOPMENT FUND, AND THE GENERAL INVESTMENTS FUND. IN THE LUNAR MONTH OF LAST RAJAB, THE CUSTODIAN OF THE TWO HOLY MOSQUES KING ABDULLAH BIN ABDULAZIZ ISSUED HIS DIRECTIVES TO EXTEND SUPPORT TO SOME DEVELOPMENT FUNDS AND PROVIDING THEM WITH SR 25 BILLION FROM THE SURPLUS OF THE FISCAL YEAR 1425-1426. IN LINE WITH THE MONARCH'S DIRECTIVES, THE CAPITAL OF THE REAL ESTATE FUND WILL BE PROVIDED WITH SR 9 BILLION TO RAISE IT TO SR92 BILLION, THE SAUDI CREDIT BANK WITH SR 3 BILLION TO RAISE ITS CAPITAL TO SR 6 BILLION, THE INDUSTRIAL DEVELOPMENT FUND WITH SR 13 BILLION TO INCREASE ITS CAPITAL TO SR20 BILLION. THE GENERAL INVESTMENTS FUND WAS PROVIDED WITH SR 20 BILLION IN THE BUDGET OF THE FISCAL YEAR 1427.
