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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Saudi Arabia Converts $300M Deposit with Mauritania’s Central Bank Into Soft Loan

Arabia King Salman bin Abdulaziz Al Saud Kingdom Saudi Press Agency
The Kingdom makes efforts to support the development and economies of Arab and Islamic states. Asharq Al-Awsat

Saudi Arabia has transferred its $300 million deposit with the Central Bank of Mauritania into a soft loan, as part of the Kingdom’s ongoing efforts in supporting the development and economies of Arab and Islamic states, the Saudi Press Agency reported on Sunday.

It said the move came in implementation of directives by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and the Crown Prince.

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