The Saudi Ministry of Finance and the National Debt Management Center (NDMC) unveiled plans to launch the first savings product intended for individuals and supported by the government. Abdulaziz Al-Furaih, chairman of the Steering Committee at the Ministry of Finance, explained that the launch of the product comes within the initiatives of the Financial Sector Development Program - one of the Kingdom’s Vision 2030 programs - aimed at raising savings rates among individuals, by motivating them to save part of their income periodically.