Transfer comes as part of ongoing efforts by the Saudi leadership to help develop and support economics in the Arab and Islamic world RIYADH: Saudi Arabia has transferred its $300 million deposit with the Mauritania Central Bank into a soft loan, it was announced on Sunday. Under directives of King Salman and Crown Prince Mohammed bin Salman, the transfer comes as part of ongoing efforts by the Saudi leadership to help develop and support economics in the Arab and Islamic world. It also marks a continuation of the ongoing Saudi support for Mauritania and its economic and developmental progress, as well as encouraging regional and international investment into the country.