Middle East Economic Survey

VOL. XLVIII

No 47

21-November-2005

SAUDI ARABIA

SAMA Licenses Operations Of Ten Foreign Banks

Ten foreign banks have been licensed to operate and open branches in Saudi Arabia, according to Saudi Arabian Monetary Agency (SAMA) Deputy Governor Muhammad al-Jasir. The newly-licensed foreign banks comprise BNP Paribas, JP Morgan, Deutsche Bank, National Bank of Kuwait, National Bank of Bahrain, Emirates Bank International, Gulf International Bank, Bank Muscat, State Bank of...