SAUDI-FUND-DEVELOPMENT
In implementation of the directives from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince and Prime Minister, Mohammed bin Salman Al Saud, KSA Minister of Tourism and Chairman of the Saudi Fund for Development (SFD) Board of Directors, H.E. Mr. Ahmed Aqeel Al-Khateeb, signed an agreement with the Governor of the Central Bank of the Republic of Turkey, Şahap Kavcıoğlu, to make a significant $5 billion deposit into the Central Bank of Turkey.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230306005482/en/
H.E. Mr. Ahmed Aqeel Al-Khateeb, KSA Minister of Tourism and SFD Chairman, signs a $5 billion deposit agreement with the Central Bank of Turkey, alongside Governor Şahap Kavcıoğlu, further enhancing economic cooperation between the two nations (Photo: AETOSWire)
This deposit is not only a testament to the close cooperation and historical ties that exist between the Kingdom of Saudi Arabia and the Republic of Turkey and their peoples, but it is also a demonstration of the Kingdom of Saudi Arabia's commitment to supporting Turkey's efforts to strengthen its economy and to promote social growth and sustainable development.
The deposit will contribute to bolstering the Turkish economy by addressing economic aspects across various sectors. By making this deposit, the Kingdom of Saudi Arabia is expressing its strong support for the Turkish people and its confidence in the future of the Turkish economy.
*Source: AETOSWire
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230306005482/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
ALIPAY5.5.2024 16:30:26 CEST | Press release
China's 2024 Labor Day Sees 77% Rise in Outbound Travel Transactions and 700% Surge in Inbound Spending YoY via Alipay
TX-VINCENT-LOUIS-MOGAS3.5.2024 19:31:27 CEST | Press release
MOGAS Mourns the Death of Their Beloved Chairman and Founder Vincent Louis Mogas
VERVERICA3.5.2024 18:09:35 CEST | Press release
Ververica Achieves ISO 27001 Certification, Bolstering Data Security
TX-LONE-STAR-FUNDS3.5.2024 15:08:32 CEST | Press release
Lone Star Announces Acquisition of ERIKS
VA-MARS,-INCORPORATED3.5.2024 15:01:32 CEST | Press release
Mars, Incorporated Enters Exclusive Discussions to Acquire the Entire Stake in French Veterinary Diagnostics Businesses Cerba Vet and ANTAGENE Held by the Cerba HealthCare Group
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom