18 Hrs
Source:
الاقتصادية
Saudi endowments exceed 500 billion riyals
Endowments' assets in Saudi Arabia have exceeded 500 billion riyals, with plans to increase their value and growth through the merging of small investment funds and the launch of a new governance system that addresses important issues such as judicial oversight. The kingdom is experiencing a expansion in endowment management, with private companies entering the sector to empower trustees and achieve greater developmental and economic impacts, all aimed at strengthening the position of endowments as a key pillar of national development. Additionally, 1.39 billion riyals have been received from deposits held by the Guardianship Authority, as part of efforts to organize, supervise, and develop the sector through digital transformation.
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