Saudi cabinet permits Banque Misr to open branch
People walk in front of Banque Misr in Cairo, Egypt, September 7, 2017. Image used for illustrative purpose.
REUTERS/Mohamed Abd El GhanyBanque Misr had been reportedly in negotiations with SAMA over the license
Riyadh – Mubasher: The Saudi Council of Ministers approved on 6 April the license of Egypt’s state-run Banque Misr to inaugurate an office in the Kingdom, the Saudi Press Agency reported.
Banque Misr had been reportedly in negotiations with the Saudi Central Bank (SAMA) to obtain a license to open a branch in the Gulf country.
Source: Mubasher
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