With the help of Allah the Almighty
We, Salman bin Abdulaziz Al-Saud,
King of the Kingdom of Saudi Arabia,
based on article 70 of the Basic Law of Governance issued by Royal Order O/90 dated 27 Sha’ban 1412 [2 March 1992],
based on article 20 of the Law of the Council of Ministers issued by Royal Order O/13 dated 3 Rabi Al-Awwal 1414 [21 August 1993],
based on articles 17 and 18 of the Law of the Shura Council issued by Royal Order O/91 dated 27 Sha’ban 1412 [2 March 1992],
after perusal of Shura Council Decisions 200/27 dated 12 Ramadan 1444 [3 April 2023] and 56/7 dated 8 Rabi Al-Thani 1445 [23 October 2023],
and after perusal of Council of Ministers Decision 662 dated 10 Sha’ban 1445 [20 February 2024],
have decreed as follows
First
The phrase “with the exception of social loans for low-income individuals” stipulated at the end of article 7(1)(c) of the Law of the Social Development Bank issued by Royal Decree D/34 dated 1 Jumada Al-Thani 1427 [28 June 2006] is hereby repealed.
Second
His Royal Highness the Prime Minister, the ministers, and the heads of independent concerned authorities—each within their area of competence—shall implement this decree of Ours.
Salman bin Abdulaziz Al-Saud
Issued on: 22/8/1445
Corresponding to: 3/3/2024
Published in Umm Al-Qura 5024 issued on 15 March 2024.