Saudi Arabia transfers $15.4 million to Palestinian Finance Ministry

June 15, 2010

The Permanent Representative of the Kingdom to the Arab League, Ambassador Ahmed Kattan, reported yesterday that the Saudi Fund for Development (SFD) has taken the necessary procedures to transfer $15.4 million to the account of the Palestinian Ministry of Finance. In a statement, Ambassador Kattan reaffirmed the Kingdom’s commitment to supporting the budget of the Palestinian National Authority, in accordance with the mechanisms adopted by the Arab Summits held in Beirut in 2002 and Sirte in 2010.