The National Development Fund was established in 2017. It is linked to the Prime Minister and the Deputy Prime Minister heads its Board of Directors. The fund works to achieve integration and coordination between development funds and banks to supervise and monitor their performance and to ensure that their systems are in line with the objectives of the Kingdom's Vision 2030. NDF acts as an umbrella for 12 development funds and banks in Saudi Arabia. Its mission is to boost their performance, foster collaboration among them, augment their economic and social impact and keep finance and development loans flowing across various sectors.