SAUDI-FUND-DEVELOPMENT
19.5.2023 20:35:27 CEST | Business Wire | Press release
Under the directive of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Crown Prince Mohammed bin Salman Al Saud, the Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, signed today a $39 million multiyear contribution agreement with the Global Fund to Fight AIDS, Tuberculosis and Malaria. The grant will support the fight to end global pandemics and strengthen health and community systems.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230519005339/en/
SFD signs a $39 million multiyear contribution agreement with Global Fund (Photo: AETOSWire)
The agreement was signed by H.E. Mr. Sultan Al-Marshad, CEO of the Saudi Fund for Development, and Mr. Peter Sands, Executive Director of the Global Fund, in the presence of H.E. Ambassador Abdulmohsen bin Khothaila, Permanent Representative of the Kingdom of Saudi Arabia to the United Nations in Geneva.
Announced during the Global Fund's 7th replenishment, which observed a substantial 30% increase from the previous conference, this agreement bolsters Saudi Arabia's standing as the 19th largest donor to the Global Fund. Having already pledged US$ 162 million and contributed US$ 123 million since 2003, the Kingdom continues to secure critical funding for resources and tools to combat these infectious diseases.
Peter Sands, Executive Director of the Global Fund, stated: "We are grateful for the generous support of the Kingdom of Saudi Arabia over the past 20 years. The signing of this agreement will ensure that the Global Fund can continue to finance and support programs that aim to prevent, treat, and care for people affected by HIV, tuberculosis, and malaria in more than 100 countries worldwide. This agreement demonstrates the critical importance of our partnership with the Saudi Fund for Development and sets the stage for even greater collaboration in the years to come."
Sultan Al-Marshad, CEO of the Saudi Fund for Development, stated: "Our purpose today is one that is both timely and critical, given the health challenges the world is currently facing, especially after the COVID-19 pandemic. These circumstances underline the necessity for a strong and resilient global health system. It is in response to these challenges that the Kingdom and its leadership is committing to support global health initiatives and drive long-term equitable development while safeguarding people's health. By targeting diseases such as AIDS and Malaria, we aim to help improve the lives of countless individuals, and communities.”
*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/20230519005339/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
MetLife and Global Citizen Launch “Footwork for Futures” Social Media Challenge to Help Expand Access to Education and Sports12.5.2026 15:00:00 CEST | Press release
All donations will support the FIFA Global Citizen Education Fund, building on MetLife Foundation’s $9 million commitment Today, MetLife and Global Citizen announced Footwork for Futures, a global soccer-themed social media challenge that supports children’s access to quality education and sports to foster more confident and resilient communities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260511913741/en/ Footwork for Futures invites people to share a short video of themselves juggling – or attempting to juggle – a soccer ball on Instagram, LinkedIn, X, TikTok, or Facebook and include the hashtag #FootworkForFutures, or by submitting a video through the Global Citizen app. For each eligible video submission, MetLife will donate $5 to the FIFA Global Citizen Education Fund, up to $100,000, to help support access to quality education and sports for children through grants to community-based organizations around the world.
Lenovo Enables One-Week Deployment of Production-Ready Agentic AI to Transform Enterprise Workflows12.5.2026 15:00:00 CEST | Press release
The Lenovo AI Library enables rapid deployment of prebuilt, industry-specific AI agents and use cases, aligned to enterprise workflows Delivered as part of Lenovo Hybrid AI Advantage™, enabling secure, governed AI deployment across hybrid environments Independently validated results show 30% productivity gains and up to 120 hours saved per employee annually Lenovo is enabling enterprises to deploy production-ready, agentic AI solutions in as little as one week1, eliminating the long development cycles that typically delay AI from reaching production, while maintaining enterprise-grade security, governance, and control. This is not theoretical, independent analysis from Signal65 confirms these results in real-world deployments. Lenovo’s Knowledge Super Agent reduced time spent on knowledge-related tasks by 30%, saving up to 120 hours per employee annually. In multiple deployments, organizations reached production up to 24× faster than with custom-built approaches, demonstrating how fast
Nikkiso Signs Agreement With Maran Tankers Management to Provide Aftermarket Service Support12.5.2026 15:00:00 CEST | Press release
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) has announced today that it has signed a long-term service agreement with oil tanker shipping firm Maran Tankers Management Inc. Under the five-year agreement, Nikkiso CE&IG will deliver comprehensive global aftermarket support for Maran Tankers’ high pressure pumps, including scheduled cold end valve repairs at defined intervals. To guarantee minimal turnaround time, Nikkiso CE&IG will maintain critical inventory across its Marine Hubs worldwide, enabling cold ends to be received by vessels within days rather than the industry’s average of months. Nikkiso CE&IG will also provide technical guidance to Maran Tankers and carry out extended overhauls during scheduled dry-docking periods. Sean Fanniff, President of Nikkiso CE&IG’s Cryogenic Services Business Unit, said: “With Marine Hubs across Southeast Asia, Europe, the Middle East, the US, and China, we can provide our clients with a coordinated global approach and seamless p
Mixpanel Introduces Mixpanel AI, Delivering Always-On Product Intelligence12.5.2026 15:00:00 CEST | Press release
New AI agents, a business-aware Context Engine, and native integrations with Claude, Slack, and more help product teams instrument faster, diagnose issues in real time, and act with confidence Mixpanel, a global leader in product intelligence and analytics, today introduced Mixpanel AI — the always-on product intelligence system that helps teams ship faster and smarter by understanding how people use their products and what to do next. Unlike query-based analytics assistants, Mixpanel AI monitors your product continuously and surfaces insights and issues before teams think to ask, combining specialized AI agents, a business-aware Context Engine, and native integrations with the tools teams already use. Built on 17 years of product analytics infrastructure and trusted by more than 29,000 customers, Mixpanel AI turns product data into proactive, explainable intelligence that teams can act on — with the business context to make every answer relevant and the verified data foundation to mak
Introducing Cognite Flows™: The First Fully Integrated, AI-Native Industrial Experience that Accelerates Customer Value12.5.2026 15:00:00 CEST | Press release
Powered by Cognite’s industry-leading Industrial AI and Data Platform, Cognite Flows delivers the confidence and scalability needed to achieve outsized business impact from agentic AI Cognite, the global leader in Industrial AI, today announced Cognite Flows™, a new standard for industrial experiences that fundamentally redefines how teams engage with AI, apps, and data to address operational challenges. Designed to optimize the daily workflows of frontline teams, Cognite Flows puts everything they need—AI-driven insights and real-time data from multiple apps across every corner of the company—into an easily customized, single-screen workspace. For the first time in an industrial setting, software will adapt to the user, rather than the user needing to adapt to the software. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260512315975/en/ Introducing Cognite Flows™: The First Fully Integrated, AI-Native Industrial Experience
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