Saudi Fund for Development signs a multiyear contribution agreement with the Global Fund

Saudi Fund for Development signs a multiyear contribution agreement with the Global Fund

GENEVA – Under the directive of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Crown Prince Mohammed bin Salman Al Saud, the Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, signed today a $39 million multiyear contribution agreement with the Global Fund to Fight AIDS, Tuberculosis and Malaria. The grant will support the fight to end global pandemics and strengthen health and community systems.

At the event, which took place at the Global Fund in Geneva, the agreement was signed by H.E. Mr. Sultan Al-Marshad, CEO of the Saudi Fund for Development, and Mr. Peter Sands, Executive Director of the Global Fund, in the presence of H.E. Ambassador Abdulmohsen bin Khothaila, Permanent Representative of the Kingdom of Saudi Arabia to the United Nations in Geneva, alongside senior leaders from both parties.

Announced during the Global Fund's 7th replenishment, which observed a substantial 30% increase from the previous conference, this agreement bolsters Saudi Arabia's standing as the 19th largest donor to the Global Fund. Having already pledged US$ 162 million and contributed US$ 123 million, the Kingdom continues to secure critical funding for resources and tools to combat these