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

Saudi Arabia Extends Terms of $5 Billion in Aid to Egypt

Egypt Saudi Arabia Mohammed bin Salman Salman bin Abdulaziz Two Holy Mosques International Monetary Fund
A general view shows Egypt's Nile river and the the University bridge in the capital Cairo on November 11, 2022. (AFP)

Saudi Arabia agreed Tuesday to extend the terms of a $5 billion aid package to Egypt in March, Saudi state media said, in a move aimed at bolstering the North African country’s recent deal with the International Monetary Fund. 

The extension reflects the generous directives of Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and Prime Minister. 

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