Riyadh, Oct 27, 2021, SPA -- The Kingdom of Saudi Arabia, represented by the Presidency of State Security, has classified the Lebanon-based ALQARD ALHASAN association as a terrorist entity, citing links to activities supporting the terrorist (Hezbollah) organization, since the association works on managing funds for the terrorist organization (Hezbollah) and its financing, including support for military purposes. The Kingdom of Saudi Arabia will continue to work to combat the terrorist activities of the terrorist (Hezbollah) organization, and to coordinate with international brothers and friends to target the sources of financial support for the Organization, whether they are individuals or entities, to limit its terrorist and criminal activities around the world. Based on the Law on Combating Terrorism Crimes and Its Financing, issued by Royal Decree No. (M/21) dated 12/2/1439 Hijri (01/11/2017), and the executive mechanisms of Security Council Resolutions related to combating terrorism and its financing, including Security Council Resolution No. 1373 (2001), which targets those who provide support to terrorists or terrorist acts, all assets belonging to “ALQARD ALHASAN ” association must be frozen inside the Kingdom, and it is prohibited to carry out any direct or indirect dealings with or for the benefit of the association, by financial institutions, professions and designated non-financial businesses as well as by all legal and natural persons. Legal measures shall be taken against all whoever proves his relationship with the above association, or those in charge of it. --SPA 22:00 LOCAL TIME 19:00 GMT 0038 www.spa.gov.sa/w1642579