who are we

About HEF

The Honorable Council of Ministers Resolution No. ( 216 ) was issued on 09/08/1421 AH regarding the reorganization of student rewards in the higher education sectors, and the establishment of the Higher Education Fund was approved, to reflect the interest of the wise leadership in the higher education sector in achieving the goals, policies and programs of the higher education system in the Kingdom. Enabling universities to perform their role that is commensurate with development requirements through the Fund’s financing of university projects. The technical colleges affiliated with the General Corporation for Technical and Vocational Training, as well as the colleges and health institutes, joined the fund after the issuance of Cabinet approval No. (245) dated 10/29/1427 AH.

HEF began its work in the year in which the decision to establish it was issued, drawing general policy to achieve the goals for which it was established. The Fund also gave special importance to supporting and financing scientific and academic programs in universities. Establishing new colleges and expanding existing colleges that serve the labor market.

HEF has a legal personality and administrative and financial independence, and is managed by a Board of Directors headed by His Excellency the Minister of Education, with the membership of representatives of the Ministry of Finance, Economy and Planning, the General Corporation for Technical and Vocational Training, three members representing universities, and three members of businessmen with competence and experience.

Speech of the General Secretary, Dr.

Turki bin Suleiman Al-Zomaia

The kingdom of Saudi Arabia is paying great attention to the concept of sustainable development, and regards it as one of the priorities of realizing its future vision, and the Higher Education Fund is a great evidence of that concern as it is one of the most important sources of finance for the development projects at the Saudi Government universities. In this regard, HEF has set goals and strategies to keep pace with the vision of universities by managing the financial resources of their accounts in a professional, thoughtful manner through economically viable investments, taking into account the provision of continuous cash flows that enable HEF to be a supportive tributary to raising and achieving the highest standards of educational quality, in line with the Kingdom’s Vision 2030. We pray to God Almighty to grant us all success in serving this generous country.

HEF Objectives

Higher Education Fund has a moral personality and administrative and financial independence. Its Board of Directors has set general objectives as a broad and continuous framework to develop the educational capacity of universities and diversify their financial resources in a way that benefits all their scientific and practical programs quantitatively and qualitatively.

Compensation regulation

Enabling universities to continue rationalizing compensation and regulate it.


Absorbing contribution of the private sector in financing programs, centers and scholarships at the university.

Financial sustainability

Contribution to realizing university financial sustainability.


Developing higher education, and enhancing capability of universities to perform its role which is compatible with development requirements .


Diversifying finance sources, and developing its mechanisms

Enhancement of Resources

Enhancement of universities’ self resources

HEF Tasks

The Fund's tasks revolve mainly around implementing its strategic plan for investments, investing its revenues in a way that achieves growth in its returns in the long term, in addition to financing university projects that it was unable to finance through its allocated budget.

Organizational Structure