Saudi Arabia designates Lebanon’s Al-Qard al-Hassan terrorist entity, freezes assets

Saudi Arabia designated Al-Qard al-Hassan (AQAH) association as a terrorist organization for financing Lebanon’s Iranian-backed militant group Hezbollah, state news agency SPA reported on Wednesday.

The State Security Presidency also froze all of AQAH’s assets inside the Kingdom and prohibited any direct or indirect transactions with the association by financial institutions, businesses and people.