Saudi Arabia Offers SR10 Million Rewards for Reporting Unknown Endowments

Dubai: Saudi Arabia’s General Authority for Endowments has set rewards of up to SR10 million for people who report previously unknown endowments, under new regulations aimed at identifying and reviving endowment assets whose status or benefits have been lost or suspended.The reward will be capped at 5 per cent of the value of the endowment property, with an overall ceiling of...