Politics · Saudi Arabia · 4 hrs ago
Saudi Arabia approves fund to manage university assets and diversify funding
Saudi Arabia approved a Higher Education Fund for its universities and colleges, according to details published after the Cabinet’s decision last week.
The fund is intended to broaden funding and strengthen universities’ financial sustainability.
It can manage institutions’ investments and assets by agreement with them, operate facilities, invest in securities and property, and support research and education plans.
Its money can come from investment returns, facility income, student allowance savings, service fees, donations and other approved sources.
The education minister will chair the fund’s board, which will also include government and higher education representatives, as well as experts.
Each higher education institution will have a separate account for income from its assets, which can be used to meet its needs.
Saudi Arabia’s Council of Ministers approved a Higher Education Fund for universities and colleges, according to Okaz.
The fund is intended to diversify funding, develop institutions’ own resources and invest their assets.
It can manage university investments and facilities, invest in securities and real estate, and establish or join companies.
Its board will be chaired by the Minister of Education and include government and higher education representatives.
The fund’s resources will include investment returns, service fees, endowment proceeds and other approved income.
- Who
- Saudi Arabia’s Higher Education Fund for universities and colleges.
- What
- The Council of Ministers approved its organization, which gives the fund powers to manage and invest higher education institutions’ assets and diversify their funding.
- When
- The approval was made the week before Okaz’s report, published on October 17, 2026.
- Where
- Saudi Arabia.
- Why
- To diversify funding, strengthen institutions’ own resources and financial sustainability, and help them meet development needs.
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The Council of Ministers approved the fund’s organization, according to Okaz.
Okaz published details of the fund’s powers, governance and financial resources.
- Fund name
- Higher Education Fund for universities and colleges
- Approval
- Council of Ministers; the week before October 17, 2026
- Board chair
- Minister of Education
- Fund account
- Saudi Central Bank
- Institution accounts
- A separate account for each higher education institution to receive investment income and cover its needs