Over 9.7 million worshipers throng Prophet's Mosque during first 10 days of Ramadan    Haramain Railway operates over 3,400 trips with 1.6 million seats during Ramadan    US thanks Saudi Arabia for hosting decisive Jeddah talks with Ukraine    TGA: Minimum fine of SR5,000 for firms failing to deliver postal shipments    Argentinian court begins trial of seven healthcare professionals over Maradona's death    Man lives for 100 days with titanium heart in successful new trial    US Education Department plans to cut half its workforce    EU strikes back against US steel and aluminum tariffs with retaliatory package    Indian Americans worried over US ties under Trump, survey reveals    Saudi and Turkish defense ministers discuss military cooperation in Jeddah    Saudi, US defense ministers discuss over phone efforts to strengthen security cooperation    Al Hilal crushes Pakhtakor to storm into AFC Champions League quarter-finals    Mahrez magic sends Al Ahli into AFC Champions League quarter-finals    Al Taawoun edges Tractor in penalty thriller to reach AFC Champions League Two semi-finals    Hosting US-Ukraine talks reflects Saudi Arabia's balanced relations, Cabinet affirms    Al-Jadaan and his US counterpart discuss ways to enhance financial and economic cooperation    Saudi Aramco CEO calls for a new global energy model at CERAWeek 2025    Singer Wheesung who wooed Korea with his ballads, found dead at 43    Prince Frederik of Luxembourg dies from rare disease    Real-life shipwreck story wins major book award    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SR 402 billion Provided for Citizens by Funding Institutions in the Kingdom
Published in Saudi Press Agency on 19 - 09 - 2010

Financial institutions in the Kingdom of Saudi Arabia provided citizens with more than SR 402 billion until the end of fiscal year 1429 / 1430, which contributed to the rapid development in the Kingdom in the fields of agriculture, industry, construction and others.
The Custodian of the Two Holy Mosques King Abdullah Ibn Abdulaziz issued his order in Rajab, 1426, to support some of development funds with an amount of SR 25 billion from the surplus of fiscal year 1425 / 1426 AH. as follows:
-The capital of Real Estate Development Fund increased by an SR 9 billion to become SR 92 billion,
- The capital of Saudi Credit Bank increased by SR 3 billion to become SR 6 billion to support the soft loans for marriage, renovation of houses and medium and small facilities,
-The capital of Industrial Development Fund increased by SR 13 billion to be SR 20 billion.
The Public Investment Fund was also supported with SR 20 billion from the budget for fiscal year 1427 / 1428H. The Real Estate Development Fund was also provided with SR 25 billion from the budget for fiscal year 1428 / 1429.
Royal directives were issued in 1429 to the Ministry of Finance to deposit an amount of SR 10 billion for Credit and Saving Bank.
The Custodian of the Two Holy Mosques King Abdullah Ibn Abdulaziz Al Saud approved this year to increase the capital of the Industrial Development Fund by SR 10 billion for supporting the industrial sector.


Clic here to read the story from its source.