The Saudi Cabinet approves the transfer of the assets of the “Water Desalination Corporation” to the Public Investment Fund

The Saudi Council of Ministers decided, in its session today, to stop work on privatizing the Saline Water Conversion Corporation.

Thus, the approval of the transfer of the assets of the Saline Water Conversion Corporation to the Water Solutions Company of the Public Investment Fund.

The Council also decided to authorize the Minister of Finance to sign a draft agreement between the government of the Kingdom and the government of the United States on cooperation and mutual assistance in customs matters.

The Board also decided to approve the license for the Bank of Jordan to open a branch to conduct banking business in the Kingdom.