Riyadh, Rabi'I 16, 1437, December 27, 2015, SPA -- Prince Saud bin Salman bin Abdulaziz the honorary president of the cooperative societies, has hailed the recently announced formation of the Islamic Military Alliance for combating terrorism. In remarks on this occasion, Prince Saud bin Salman bin Abdulaziz said that the formation of the this alliance is of great importance to the world and the whole Islamic world, especially in light of the unstable situation in the Middle East, and the ambitions of regional countries seeking to dominate its resources. --SPA 00:32 LOCAL TIME 21:32 GMT www.spa.gov.sa/w