Saudi Arabia deposits $5 billion in Egypt’s central bank; Saudi official press

By Aya Abdulghany Last updated Mar 30, 2022

Saudi Arabia has deposited $3 billion in Egypt’s central bank, the state-run Saudi Press Agency reported on Wednesday.

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The deposit is part of historical solid bonds and close cooperation relations between Saudi Arabia and Egypt, and as a gesture of confirmation of deep-rooted relations between the two countries and peoples, the kingdom said in a statement.

“… in implementation of directives by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and HRH the Crown Prince, (the kingdom) has deposited USD 5 billion at the Central Bank of Egypt.” the statement read.

Central Bank of Egypt (CBE)