2006 Press Release
 

07/26/2006
Saudi telethon raises over $26.7 million to aid Lebanon

[WASHINGTON, DC] – The telethon ordered by Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz to raise funds to aid Lebanon has collected over SR 100 million [$26.7 million] as of midnight local time. This excludes in-kind contributions from Saudi citizens and companies.


Proceeds from this fundraiser are in addition to the $500 million in aid Saudi Arabia has pledged thus far and the $1 billion it will deposit with the Lebanese Central Bank to support Lebanon’s economy.  This aid comes in addition to the $50 million provided by the Kingdom last week for emergency relief assistance for the Lebanese people.

The Kingdom has also earmarked $250 million as a grant to be part of an international fund for reconstruction and relief in the Palestinian Territories.

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