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Deposit introduced by Saudi finance minister in December.
(AA)
Saudi Arabia has signed an settlement with Türkiye to deposit $5 billion within the Turkish Central Bank after final month’s large earthquake that struck southeast Türkiye and northern Syria.
A press release by the Saudi Fund for Development (SFD) mentioned that the settlement was signed by SFD chairman Ahmed al Khateeb and financial institution governor Sahap Kavcioglu on Monday.
“This deposit comes as an extension of the historic relations and close cooperation between the Kingdom of Saudi Arabia and the Republic of Türkiye and its brotherly people,” SFD mentioned within the assertion.
In December 2022, Saudi Finance Minister Mohammed bin Abdullah al Jadaan mentioned the oil-rich kingdom will make a deposit of $5 billion within the Turkish Central Bank.
READ MORE: Türkiye, Saudi Arabia stress ‘new period of cooperation’ in enhance to ties
New period of complete cooperation
Last 12 months, Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman declared their willpower to launch a brand new period of cooperation in bilateral ties, together with within the political, financial, army, safety and cultural spheres.
The leaders emphasised the nations’ willpower to begin a brand new period of complete cooperation in lots of areas, mentioned in a joint declaration.
Ankara and Riyadh determined to deepen session and cooperation in regional points to strengthen stability and peace, it added.
READ MORE: Türkiye to take ‘concrete steps’ to normalise ties with Saudi Arabia
Source: TRTWorld and companies
Source: www.trtworld.com
