Arab Today, arab today saudi continues support for islamic solidarity fund
Last Updated : GMT 08:53:10
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Saudi continues support for Islamic solidarity fund

Arab Today, arab today

Arab Today, arab today Saudi continues support for Islamic solidarity fund

Islamic Development Bank
Riyadh - SPA

 The contribution of the Kingdom of Saudi Arabia in support of the capital of the Islamic Solidarity Fund for Poverty Reduction in Member States of Islamic Development Bank Group (IDB) amounted to one billion dollars out of the capital of 10 billion dollars.
The Bank said in a statement on the occasion of the celebration of its 40th anniversary and the 39th annual meeting of the Bank's Board of Governors under the patronage of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud in Jeddah that the Kingdom of Saudi Arabia has strongly supported the establishment of the Bank's specializing institutions including the Islamic Solidarity Fund for Development to reduce poverty in the Member States.
The Bank noted that its operations in the Kingdom included its contribution to the capital, technical assistance and leasing, indicating that the total number of operations in the Kingdom stood at 41 operations amounting to 618.3 million Islamic dinars, an equivalent to almost 940 million dollars.
The Bank showed that the sectors benefited from its operations in the Kingdom included industrial and mining sector, health, education, social services, transportation, public utilities, and agriculture.
 

 

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