The army chief and the Saudi prince discussed the security situation in the region, reported Dawn online.
Gen. Mahmood and Aziz agreed to enhance bilateral cooperation and to share counter-terrorism intelligence.
A memorandum of understanding between the two countries will be signed in the field of security cooperation.
The Saudi prince is on a three-day visit to Pakistan on the first leg of his four-nation Asia tour. He is also scheduled to meet Pakistan Prime Minister Nawaz Sharif.