Cabinet approves financial oversight rules for government-managed endowments
The Saudi Cabinet has approved new financial oversight regulations for endowment accounts managed by government entities, during a session chaired by Crown Prince Mohammed bin Salman.
Key Takeaways
AIThe Cabinet has approved regulations for financial oversight of endowment accounts managed or supervised by government entities.
Crown Prince and Prime Minister Mohammed bin Salman chaired the Cabinet session held today in Riyadh.
At the start of the meeting, the Crown Prince briefed the Cabinet on two messages received by King Salman and himself from Sultan Ibrahim of Malaysia, as well as a message he sent to Chinese President Xi Jinping. He also updated the Cabinet on recent phone calls with South Korean President Lee Jae-myung, Romanian President Nicușor Daniel Dan, and Spanish Prime Minister Pedro Sánchez, in addition to the outcome of his meeting with Jordan's Crown Prince Hussein bin Abdullah II.