Saudi banks donate $41.4 million to combat coronavirus

A Saudi money exchanger wears gloves as he counts Saudi riyal currency at a currency exchange shop in Riyadh, Saudi Arabia March 10, 2020. (REUTERS)
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Updated 28 March 2020
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Saudi banks donate $41.4 million to combat coronavirus

  • The banks were wanting to express their sense of social responsibility to support the relentless efforts in the face of the unprecedented global crisis

JEDDAH: A group of Saudi banks have announced their support for the Health Endowment Fund to combat the spread of the coronavirus disease (COVID-19), with a total of SR155.1 million ($41.3 million). The banks were wanting to express their sense of social responsibility to support the relentless efforts in the face of the unprecedented global crisis.
Saudi Arabian British Bank put forward SR17 million to the fund; Banque Saudi Fransi SR12 million; Al-Rajhi Bank SR25 million; Riyad Bank SR17 million; Arab National Bank SR12 million; the National Commercial Bank SR33 million; Samba Bank donated SR16.5 million, among other banks.


Syrian foreign minister congratulates Saudi counterpart on Founding Day

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Syrian foreign minister congratulates Saudi counterpart on Founding Day

  • Asaad Al-Shaibani and Prince Faisal bin Farhan also discuss developments in Syria and the wider region, as well as bilateral cooperation
  • This year’s Founding Day marked the 299th anniversary of the establishment of the First Saudi State

RIYADH: Syria’s foreign minister, Asaad Al-Shaibani, on Monday congratulated his Saudi counterpart, Prince Faisal bin Farhan, on Founding Day, which this year marked the 299th anniversary of the establishment of the First Saudi State.

During their telephone conversation the ministers also discussed the latest developments in Syria and the wider region, along with ways in which they might strengthen bilateral relations, the Saudi Press Agency reported.

Prince Faisal reaffirmed the Kingdom’s support for Syria’s sovereignty, unity and territorial integrity, and highlighted the need for regional stability and security, the Syrian Arab News Agency said.

Founding Day, which was introduced in 2022, is celebrated each year on Feb. 22 and marks the founding of the First Saudi State in 1727.