Saudi Arabia grants banking license to Credit Suisse

24/04/2019 Argaam

 

A banking license to operate in Saudi Arabia was issued this week to Credit Suisse, the kingdom’s finance minister, Mohammed al-Jadaan, announced today at the Financial Sector Conference in Riyadh.

 

“New financial instruments will be unveiled during the conference,” the minister added.

 

The Swiss bank has allocated $600 million to obtain a full banking license in the Kingdom in a bid to expand operations.

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