Higher Education Fund profits up 200% in 2016; BoD approves five projects for SAR26mn
The Higher Education Fund achieved a 200% increase in profits in 2016, having financed dozens of university projects in the past year and a half at a total value of more than SAR152mn. During its 24th meeting, the fund’s Board of Directors (BoD) has approved the financing of five projects for four universities for more than SAR26mn. Since its inception, the fund has financed c500 university projects at a total cost of more than SAR2bn.
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