- King Salman bin Abdulaziz Al Saud celebrates coronation with handout
- All state employees - as well as pensioners and students - to receive cash
- Delighted Saudis celebrate by splashing out on luxury goods and holidays
Popular: King Salman has handed out an estimated £20.7 billion to the Saudi Arabian people, who are now splashing out in celebration
The new monarch of Saudi Arabia has handed out billions of pounds to the country's citizens to celebrate his coronation.
King Salman bin Abdulaziz Al Saud made the remarkably generous gesture, estimated to total almost £21 billion, to mark taking the throne in the oil-rich country.
In a message on Twitter - that has now been shared more than 350,000 times - the King wrote: 'Dear people: You deserve more and whatever I do will not be able to give you what you deserve.'
The massive handout includes a two-month wage payout for all state employees, as well as soldiers, students and pensioners.
Delighted Saudis are said to be splashing out on new smart phones, luxury watches and exotic holidays to celebrate.
Some men are also reported to be setting aside the money especially to allow them to marry their first, second or third wives.
There will also be generous grants to various professional associations, as well as literary and sports clubs.
Read more: http://www.dailymail.co.uk/news
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