The Kingdom of Saudi Arabia, in implementation of directives by the Custodian 
of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and HRH the Crown 
Prince, has transferred its $300 million deposit with the Central Bank of 
Mauritania into a soft loan, as part of the Kingdom's ongoing efforts and 
leadership role in supporting the development and economy of Arab and Islamic 
states.

The move comes as an extension of the Kingdom's continuous support for the 
people and government of the Islamic Republic of Mauritania, to push the wheel 
of economic growth and implement development projects in vital sectors. The 
support aims to contribute to promoting inclusive and sustainable economic 
growth, in addition to opening new financing channels from regional and 
international financial organizations.

Source: Ministry of Finance