With the help of Allah the Almighty
We, Salman bin Abdulaziz Al-Saud, the 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,
based on article 20 of the Law of the Council of Ministers issued by Royal Order O/13 dated 3 Rabi Al-Awwal 1414,
based on articles 17 and 18 of the Law of the Shura Council issued by Royal Order O/91 dated 27 Sha’ban 1412,
after perusal of Shura Council Decisions 200/27 dated 12 Ramadan 1444 and 56/7 dated 8 Rabi Al-Thani 1445,
and after perusal of Council of Ministers Decision 662 dated 10 Sha’ban 1445,
have decreed as follows
First: The phrase “with the exception of social loans for low-income individuals” provided in 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7(1)(c) of the Law of the Social Development Bank issued by Royal Decree D/34 dated 1 Jumada Al-Thani 1427 is hereby repealed.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.