Saudi cabinet permits Banque Misr to open branch

Banque Misr to inaugurate an office in the Kingdom

  
People walk in front of Banque Misr in Cairo, Egypt, September 7, 2017. Image used for illustrative purpose.

People walk in front of Banque Misr in Cairo, Egypt, September 7, 2017. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany
Banque 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

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Financial Services