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Saudi hikes student allowance by 50%

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 16 November 2008
ALLOWANCE BOOST: King Abdullah (pictured) said the allowance given to Saudi students studying abroad had been increased by 50 percent. (Getty Images)
ALLOWANCE BOOST: King Abdullah (pictured) said the allowance given to Saudi students studying abroad had been increased by 50 percent. (Getty Images)

Saudi Arabia has increased the allowance given to its students studying at university abroad by 50 percent, King Abdullah said on Friday.

The king made the announcement while visiting a group of Saudi students studying in the United States, prior to attending the Group of 20 summit on the global financial crisis in Washington, Saudi daily Arab News reported on Sunday.

More than 40,000 Saudi students currently attend university in Europe, America and Asia, according to Arab News.

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The Saudi Gazette reported the increase amounted to 2 billion riyals ($533 million) and every student would receive $1,875 each plus health insurance, paid tuitions, and one round-trip ticket once a year to the Kingdom.

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