Saudi Cabinet permits SPGA to allocate properties to non-profits

The Saudi Cabinet, chaired by King Salman, decided today, May 14, to allow the State Properties General Authority (SPGA) to allocate state properties for the benefit of the non-profit sector. This will be done in accordance with regulations approved by the authority's board of directors.

The Cabinet also approved a memorandum of understanding (MoU) for cooperation in the financial sector between the Ministry of Finance in Saudi Arabia and the Ministry of Finance and National Economy in Bahrain, Saudi Press Agency reported.

Moreover, it also approved a MoU between the General Bureau for Auditing in Saudi Arabia and the National Audit Office in China. This MoU focuses on cooperation in the fields of accounting, auditing, and professional work.