Friend Saudi Pledges USD 150 Million Grant To Government

in Mas-Huni Brief by

Friend Saudi Arabia has pledged to grant USD 150 million to the government to repay loans as President Abdulla Yameen concludes a “successful” visit to the country.

yameen-saudi-education


  • Maldives will receive the grant within a few days to repay loans
  • The grants will be given to the central bank, Maldives Monetary Authority (MMA)
  • The grant will balance the payment support for the repayment of foreign loans taken for development projects.
  • President Yameen met the King of Saudi Arabia, Salman bin Abdul Aziz Al Saud and held discussions on mutual issues

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