The nine-member external advisory group includes industry bodies such as the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions.
The Eurozone debt crisis poses the biggest threat to the global economy, says IMF chief.
The Kingdom boosted spending to a record SAR804 billion in 2011, 23 per cent higher than in 2010.
A $3.2 billion loan from the International Monetary Fund will help Egypt handle a balance of payments crisis.