Saudi Crown Prince Mohammed bin Salman. (Photo: AP)

The meeting in the Saudi city of Dhahran reviewed "the semi-final version of the draft strategic agreements between the two countries, which are almost being finalized," a statement read.

The discussions come in the wake of reports that Washington and Riyadh are close to an agreement for US security guarantees and civilian nuclear assistance, even as an Israel-Saudi normalization deal envisioned as part of a Middle East “grand bargain” remains beyond reach.

The de facto Saudi leader and President Joe Biden's top security aide also discussed the need to find a "credible track for bringing about the two-state solution" for Israel and the Palestinians, stop the conflict in Gaza and facilitate the entry of humanitarian aid, the statement said.