RIYADH, June 2 (Xinhua) -- Saudi King Salman bin Abdulaziz Al Saud on Saturday ordered the establishment of a council of royal reserves at the royal court, state Saudi Press Agency reported.
The council's president and members shall be appointed by a royal order, while each reserve shall be named by the cabinet and have a board of directors.
It is one of the moves in the government reshuffle by the Saudi king on Saturday to replace top government officials and form new authorities.
The changes in government institutions came amid reform-minded Crown Prince Mohammed bin Salman's resolve to modernize the economy of the world's biggest oil exporter.
The crown prince, who also serves as the Saudi prime minister under his father, launched a sweeping anti-corruption campaign involving several of his royal siblings shortly after he became an heir to the king in June 2017.
