Article 10 of the fund’s regulations issued by the Council of Ministers’ Resolution No. 216 dated 08/09/1421H (04/12/2000) provides for financing universities by supporting basic needs such as:
- Supporting scientific and academic programs for universities.
- Establishment of new colleges and expansion of existing colleges.
- Funding the purchase of devices and providing laboratory requirements.
- Funding programs, centers and scientific research.
- Providing scholarships and employing students in universities.
- Providing other requirements such as the urgent needs of university hospitals and other needs.