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The Board of Directors of the University Higher Education Fund held its twenty-fifth meeting, On Thursday morning, Safar 26, 1439 AH, Under the chairmanship of His Excellency the Minister of Education, Dr. Ahmed bin Mohammed Al-Issa, Membership in the Board of Directors, which represents universities, the private sector and relevant government agencies.

He thanked His Excellency the Secretary General of the Fund, Secretary of the Board of Directors, Dr. Abdullah bin Muhammad Al-Dakhil, His Excellency the Minister of Education, Chairman of the Fund’s Board of Directors, and their Excellencies and Excellencies the members of the Board, for their confidence in him as Secretary-General and for their support and assistance to the Fund. He pointed out that the Fund is sparing no effort to develop its investment and financing operations by raising the level of governance and reviewing regulations and rules. His Excellency also explained the Fund’s pivotal role in contributing to achieving additional resources by achieving the best financial returns for the Fund’s university investments. In line with the national transformation programs and Vision 2030. The Board of Directors took a number of decisions, which included approving the financing of several university projects for more than thirty million riyals. The Council also approved a number of recommendations regarding the Fund’s investment activities, which aim to enhance returns from the Fund’s investments and raise the level of partnership with universities through direct investment memorandums of understanding. Dr. Al-Dakhil pointed out that this trend comes in parallel with the objectives of the Kingdom’s Vision 2030, one of the objectives of which is to diversify sources of income for government institutions. His Excellency stated that the Fund, since its establishment in 2001, has financed more than five hundred university projects with more than two billion riyals, from which all universities have benefited. He pointed out that the Board of Directors is always keen to make the most of all the resources specified by the Fund’s statute, including developing investment projects with a feasible economic return that are primarily beneficial for meeting the financing requirements of universities and diversifying and sustaining their sources of income. This is in line with what the government of the Custodian of the Two Holy Mosques – may God support him – and his trustworthy Crown Prince seeks to achieve. By pushing development projects in our dear homeland, especially the educational system, which received all the care and attention from him – may God protect him -, And His Excellency the Minister of Education, Chairman of Board of Directors, and council members, We are keen to ensure that the Fund supports the sustainability of the programs and initiatives of this system.


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