Royal Decrees issued to offer tens of billions of rials to help citizens

Custodian of the Two Holy Mosques: We’re always working on providing decent life for our citizens and alleviate burdens on them

Real estate development fund gets additional 40 billion rials

General housing authority obtains 15 billion rials

The Custodian of The Two Holy Mosques, King Abdullah Ibn Abdulaziz issued a number of royal decrees.

The following are the royal decrees:

First Decree:

-Support for the capital of Real Estate Development Fund with an additional amount of SR 40,000,000,000 to enable the Fund to meet the demands for loans.

-Exemption of all the deceased people from the Fund's loans installments for residential purposes. -Exemption of all borrowers from the Fund for residential purposes from two installments for a period of two years.

-The Ministry of Finance shall compensate the Fund for the amounts of the exempted loans installments.

Second Decree:

- Increase of the capital of Saudi Credit and Saving Bank by an amount of SR 20,000,000,000 and adding the previous deposit amounting to SR 10,000,000,000, dated 1429H, to the capital of the bank, so that the total capital increase amounted to SR 30,000,000,000.

- Exemption of all the deceased people from the Bank's loans installments for social purposes.

- Exemption of all borrowers from the Bank for social purposes from two installments for a period of two years.

- The Ministry of Finance shall compensate the Bank for exempted loans installments.

Third Decree:

- Increase of the upper limit to the number of individuals of families covered by Social Security from 8 to 15 members and the allocation of an amount of SR 1,000,000,000 for this purpose.

- Activation of programs supporting social security including productive families, furniture, bags and school uniforms, purchasing discount cards, support of electricity and water bills, and houses repairs, as well as allocation of SR 3,500,000,000 for this purpose.

- Expansion of services provided by Care and Social development and the allocation of SR 1,200,000,000 for this purpose.

- Increase of subsidies provided from the State to charities by 50% to become SR 450,000,000 per annum.

- Support for cooperative societies with an amount of SR 100,000,000 per annum.

- Establishment of Projects of Trade Franchise and Saudi Professional House at the National Charity Fund and allocation of an amount of SR 100,000,000 per annum for this purpose.

- Support for programs supporting the needy students at the Ministry of Education and the allocation of an amount of SR 476,000,000 per annum for this purpose.

- Support for students from the needy families in enrolment at universities.

Fourth Decree:

- Support for General Housing Authority with an amount of SR 15,000,000,000.

- The Authority shall expedite awarding housing projects and report monthly on the progress of its works to the Royal Court.

Fifth Decree:

- Inclusion of all male and female students who are studying abroad at their own expenses in several specialties into The Program of The Custodian of the Two Holy Mosques for Foreign Scholarships to obtain B.Sc., M.Sc. PhD degrees.

- The specialties include Medicine, Applied Health Sciences, Pharmacy, mathematics, physics, chemistry, engineering, computer, law, accounting, and e-trade.

Seventh Decree:

-The Permanent Committee of the Supreme Economic Council shall arrange the inclusion of the allowance of high living costs by 15% into the basic salary during a maximum period of three months from the date of the issuance of the decree.

Eighth Decree:

-Creation of 300 jobs for General Auditing bureau.

-Creation of 300 jobs for Control and Investigation Board.

-Creation of 300 jobs for Saudi Commission for Investigation and Prosecution.

-Creation of 300 jobs for the Royal Court and the Special Secretariat of the Custodian of the Two Holy Mosques.

Ninth Decree:

- Amnesty for prisoners of public rights according to certain conditions.

- Payment for people indebted by financial rights according to certain conditions.

- Payment for prisoners who shall pay blood-money resulted from traffic accidents according to certain conditions.

Tenth Decree:

- Providing support for all literary clubs in the Kingdom of Saudi Arabia with an amount of SR 10,000,000 for each club.

- Providing support for sports clubs with an amount of 10,000,000 for each club from Premier League, SR 5,000,000 for each club from first division, and SR 2,000,000 for the rest of the officially registered sports clubs.

Eleventh Decree:

-Providing financial support for all licensed professional associations with an amount of SR 10,000,000 for each association.