WorldSaudi Arabia clears National Bank of Egypt branch

Saudi Arabia clears National Bank of Egypt branch

AA / Istanbul

The Saudi Council of Ministers on Tuesday approved the National Bank of Egypt’s request to open a branch in Saudi Arabia.

The official Saudi press agency “SPA” reported from the Cabinet statement that “Saudi Finance Minister Mohamed Ben Abdallah Al-Jadaan has been instructed to respond favorably to any subsequent request for an opening. other branches of the bank in the Kingdom. “

Saudi Arabia has 13 local banks licensed to operate in the country, including two digital banks, in addition to 19 branches of Arab and foreign banks.

* Translated from Arabic by Hend Abdessamad

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