In November 1955, King Saud granted a 16 million dollars loan to Syria for five years. He agreed to exchange products and exempt agricultural products from import-export license and custom duties. With the continuous Israeli assault on Jordan in 1955, King Saud invited military leaders of Egypt, Syria, Lebanon and Jordan to Riyadh in order to discuss procedures to counter the aggression. He agreed to cover all expenses of reinforcing Jordan's National Guard and armed forces. He also supported the Algerian revolution against France, diplomatically and financially. King Saud made a statement inviting people to donate money for the revolution; the donations amounted to $1,200,000. The government donated one million dollars of that amount in 1956, and the rest of the donations were granted yearly. King Saud kept granting donations to Algeria and kept defending it until it established its independence in 1962.