Saudi Minister of Finance Reassures about Saudi Arabia's Economy 4 London

On his part, the Governor of Saudi Arabian Monetary Agency Dr.
Mohammed Al-Jasser said that the Kingdom of Saudi Arabia has joined
the Council of Financial Stability, formerly called (Financial
Stability Forum) which is entrusted along with the International
Monetary Fund to follow up the developments of bodies monitoring
financial sectors in all countries of the world, particularly those
that affect the developments of global financial markets.

Dr. Al-Jasser pointed out that the developmental Program of Saudi
Arabia, focused on producing projects inside the Kingdom at present
time, as well as in the future when the economic recovery movement
returns so as the Kingdom gets a good share of this movement expected
to begin in 2010.

He stressed that Saudi financial sectors have not suffered from
any problems and do not need re-capitalization or bailout operations
that become burdens on the state's budget.
--SPA