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Saudi Arabia Makes $5 Billion Deposit at Central Bank of Turkey Through the Saudi Fund for Development

Riyadh, In an implementation of the directives from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman Al Saud, Crown Prince and Prime Minister, Saudi Minister of Tourism and Chai…
March 6, 2023

Riyadh, In an implementation of the directives from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman Al Saud, Crown Prince and Prime Minister, Saudi Minister of Tourism and Chairman of the Saudi Fund for Development (SFD) Board of Directors, Ahmed Aqeel Al-Khateeb, signed an agreement with the Governor of the Central Bank of the Republic of Turkey, Sahap Kavcioglu, to make a significant $5 billion deposit into the Central Bank of Turkey.

This deposit is a testament to the close cooperation and historical ties that exist between the Kingdom of Saudi Arabia and the Republic of Turkey and its brotherly people.

Source: Saudi Press Agency

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