DAVOS: Foreign Minister Prince Faisal bin Farhan signed the founding charter of President Donald Trump’s Board of Peace on Thursday, saying the document represented Saudi Arabia’s support for a lasting peace in Gaza.

Saudi Arabia, along with seven other Arabic and Islamic nations, announced on Wednesday that the Kingdom would join the initiative aimed at stabilizing and rebuilding the Palestinian territory.

Prince Faisal signed the document at a ceremony at the World Economic Forum in Davos as Trump launched the charter at an event attended by a number of number of other founding nations, including Turkiye and Qatar.

Saudi Arabia’s Foreign Ministry said Prince Faisal’s signing of the document showed the Kingdom’s “commitment to supporting the peace council as a transitional body to end the Gaza conflict, as adopted by United Nations Security Council Resolution No. (2803).”

The move also showed Saudi Arabia’s support for the reconstruction of Gaza and a push toward lasting peace, the ministry said, adding that it welcomed Trump's peace efforts.

Trump helped broker a peace deal in September which largely ended Israel’s two-year war on Gaza that devastated the territory and killed more than 70,000 Palestinians.