Royal Decree on the Merger of the Ministry of Economy into the Ministry of Finance and Renaming It “The Ministry of Finance and National Economy”
And the Appointment of Sheikh Muhammad Surur Al‑Sabban as Minister of State, Royal Advisor, and Minister of Finance and National Economy
Royal Decree No. 31
Dated 6 Muharram 1374 A.H.
In the Name of God, the Most Gracious, the Most Merciful
By the grace of God,
We, Saud bin Abdulaziz,
King of the Kingdom of Saudi Arabia,
After reviewing our Royal Order No. 6515 dated 1 Muharram 1374 A.H.,
and based on Article Two of the Council of Ministers Law,
and in accordance with what has been submitted by the Prime Minister,
We hereby order the following:
Article One
The Ministry of Economy shall be merged into the Ministry of Finance, and the two shall become a single ministry under the name:
“The Ministry of Finance and National Economy.”
Article Two
This ministry shall be responsible for the functions stipulated in the Ministry of Finance Law, and shall supervise the development of the national economy as well as the administration and improvement of oil and mineral affairs.
Article Three
Muhammad Surur Al‑Sabban, Minister of State and Royal Advisor, is hereby appointed Minister of Finance and National Economy.
Article Four
The Prime Minister shall implement this decree and communicate it to all concerned authorities.
Peace.