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FinancialNews


  • 10-04-21

    Saudi Ministry of Finance finalizes disbursement procedures for all payment orders

    (MENAFN)A ministerial tweet stated that the Ministry of Finance (MoF) completed the payment procedures for all payment orders received from the public and private sector with an amount of SR217 billion (USD57.8 billion) in the first quarter of the current year.

    Expenditure for the public sector reached to SR186 billion, as the same for the private sector stood at SR31 billion, credited for 99 percent of the total payments’ orders received.

    According to Al Arabiya, Saudi Finance Minister Mohammed Al-Jadaan stated that 24 local companies, the majority that are listed in the Saudi market, are going to invest SR2 trillion by 2025, and another SR3 trillion by 2030.

    The Public Investment Fund is a shareholder in most of these companies, declared Al-Jadaan.

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