2000 News Story

Royal Decree established general commission for investment

In a Royal Decree today, Custodian of the Two Holy Mosques King Fahd Bin Abdul Aziz set up the Saudi Arabian General Investment Authority (SAGIA) and appointed Prince Abdullah bin Faisal bin Turki Al-Saud as its Governor, with immediate effect. SAGIA replaces the Saudi Consulting House, as per the instructions of the Council of Ministers in its meeting today.